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The smart Trick of Car Donation Miami Lakes FL That Nobody is Discussing

The smart Trick of Car Donation Miami Lakes FL That Nobody is Discussing

December 20, 2024 Category: Blog

If the car is worth $five hundred or maybe more as well as the charity intends to make use of the car or truck in its functions, you'll be able to deduct the FMV. However, In the event the charity sells the car, your tax deduction is mostly restricted to the Business’s gross proceeds through the sale.The higher return can help make a far more con

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