
The IRS will allow full market value to be deducted on your taxes.(Donate4Kids is obligated to provide the statement within 30 days.) If your car is valued more than $500, the deduction is limited to the actual selling price. The donor must attach a statement of sale to the tax return in order to receive the deduction. You are not entitled to know the deduction amount before donating your car. After having your car picked up by our FREE TOWING service. You should receive a voucher in the mail within 30 days. Not only can you help the children but you can get a great tax break from uncle Sam. This is an excellant deduction for your tax return. Donated vehicles have been on the rise because of this great tax loophole and are gaining in popularity in recent months. Donated vehicles also provide a "green" solution for those who are into recycling.
Thankyou.