Question on Donating a car. If my car's blue book value was $5000. If I donate it, how much tax do I get back?

Question

Question on Donating a car. If my car's blue book value was $5000. If I donate it, how much tax do I get back?

Answer 1

maybe $1000, Your better off selling it and then if you really feel like donating some of the money, you can.

Answer 2

Call a local taxman/accountant. they will be able to tell you the deduction amount you will qualify for at the end of the year.

goodluck

Answer 3

Each state is different, but here in Tennessee you only get what the car brings at auction as of 2007.