You may be eligible for a tax deduction when you donate your car to your local NPR station. It picks up and auctions off your car allowing you to choose which of its 300 charity partners receives the profits of the sale.
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If it sells for less than 500 you may deduct the fair market value of the car not to exceed 500.
. Its a service offered by North American auto auction company IAA Donation Division. You will receive a donation receipt and you are entitled to deduct the sale price of the vehicle if it sells for more than 500. Donate A Car isnt a charity in and of itself.
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