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  2. Here’s How To Claim That Car Donation as a Tax Deduction - AOL

    www.aol.com/finance/claim-car-donation-tax...

    This charitable giving can help cut back on your taxes.

  3. Car donation - Wikipedia

    en.wikipedia.org/wiki/Car_donation

    For vehicles valued at less than $500, the deduction amount comes from the donor's own estimate of the car's value, even if the charity receives less money from its sale. Deductions greater than $ 500 are limited to the proceeds of selling the vehicle, usually at auction .

  4. Charitable contribution deductions in the United States

    en.wikipedia.org/wiki/Charitable_contribution...

    Abby, our taxpayer, owns a sporting goods store. Her business is doing well so she decides to donate some of last season's inventory to The Women's Sports Foundation, a certified charitable organization. Abby's adjusted gross income this year is $700,000. The fair market value of Abby's donated inventory is $600,000.

  5. Fair market value - Wikipedia

    en.wikipedia.org/wiki/Fair_market_value

    The fair market value of property is the price at which it would change hands between a willing and informed buyer and seller. The term is used throughout the Internal Revenue Code , as well as in bankruptcy laws, in many state laws, and by several regulatory bodies.

  6. Fair market value: What it is, how it’s calculated - AOL

    www.aol.com/finance/fair-market-value-calculated...

    Real estate agents use fair market value to help determine pricing. ... a third-car garage bay may be valued around $5,000 to $7,000 and a full bath may be worth $5,000 to $7,000,” Ameer says. ...

  7. Car donation charities under investigation - AOL

    www.aol.com/2010/06/17/car-donation-charities...

    Car donation charities, which often bombard the airwaves with solicitations for vehicles, are among the targets of a wide-ranging investigation into whether donors are getting taken for a ride.

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