ELO asked: I hear tax laws have changed regarding writting off donated vehicles. I mean, how bad can it be? If anyone experienced something like this let me know, or know much about the laws on car donations etc.
Technorati Tags: Car Donations, Taxes
packerfan asked: I own a 2000 dodge neon. its in goos shape, but i know i will not get much for a trade in. Now there is a single mother in my apt building whos ex ran off with the car. i would like to just give her my car. My question is can i [...]
sphinxxikitten13 asked: This is the first year we are going to try to claim any of our donations on our taxes, cause well we REALLY need to the money. lol
We donated about $250 worth of clothes, children toys and accessories (high chair, 2 car seats), 2 VCRs, a DVD player, and a Stereo [...]
monster5235 asked: We donated a car in 2004, but didn’t need it for our tax return last year, because no taxes were owed. This year some tax is owed and we would like to take it as a charitable donation. Is it okay to do it a year later? Thanks Just one [...]
jveryrad asked: I have an old Taurus station wagon. I decided to donate it because it is really old now, and it’s leaking transmission oil. My mechanic had offered to sell it for me for around $1,000, so I topped off the transmission oil and drove it to his garage.
Now he [...]
matputzpee asked: OK the short of the question is that I made way below the cutoff in 2007 to owe any taxes on my return this year (About $11,000).
However, I have a $750.00 Student Loan Deduction and a $2,000.00 Auto Donation Deduction I can claim.
Further, I moved in 2007 for a job, and spend about [...]
wldcatwndrgrl asked: I donated a car in 6/2004 and never had a chance to itemize. This year I think I can. Is the car still deductible? What is the limitation on this?
Technorati Tags: Donations, Taxes
Kimberly asked: I have someone that racing a car at a track. I would like to figure out how much my boss could write off for sponsering him. So say he gave the guy 5000 could he write that amount off on his taxes for donations?
Technorati Tags: Boss, Donations, Promoting Business, Sponsering, Tax Exemption, Taxes