The Estimate Of Your Auto Donation To A Veteran’s Charity

Donating your car to a veteran's charity is a great way to add a deduction to your 2022 tax return. According to Charity Navigator, Americans donate over $2.5 billion every year to 40,000 U.S. military-related charities. Keep in mind that any charity that you donate your car to must be a registered 501(c)(3) nonprofit organization. Otherwise, you cannot take a deduction for the car. Once you find the nonprofit charity that you wish to donate your car to, you need to find the fair market value of your vehicle before determining how much you can deduct on your taxes. Read More