Hardworking Volunteers

Charity organisations across America are filled with hardworking volunteers with the only goal in mind, is to provide a service to the community in which needs them most.

However a dilemma in the past has hindered the hard work that these selfless people provide. In the case of when a car is donated to charity, a taxpayer has been able to deduct the fairmarket value of their vehicle and claim that amount as a tax deduction even if the car was in dis-repair. The charity would in most cases be left with a car that was better taken to the junkyard.

For example, if the donated car’s fair market value was $3000.00, that would be what the donor would have to put on the IRS claim form for the deduction. It wouldnt matter if the car was not running. However, the charity organization would still need to rid itself of the donated vehicle and in most cases, would get a small amount, not even enough to pay for its disposal.