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QUICK TIP: How to Donate a Vehicle for a Tax Deduction the Right Way

YouTubeTeaching Tax Flow

QUICK TIP: How to Donate a Vehicle for a Tax Deduction the Right Way

🚗 *Donating a car to charity?* Make sure you don’t miss out on your tax deduction! Here’s what you NEED to know: ️ *Itemize Your Deductions* - If you take the standard deduction, donating a vehicle won’t lower your taxes. ️ *File Form 8283* - Required for non-cash donations over $500. ️ *Get Form 1098-C* - The charity must ...

1.4K views9 months ago

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