The 2-Minute Rule for charity car donation
There are various exceptions which let you utilize the Kelley Blue Guide or simply a NADA manual, but you must utilize the FMV, not simply the best value stated with the 12 months and make of your vehicle. Use the FMV when:Deduction Limitations: The IRS sets boundaries about the deductible amount of money. If the car sells for in excess of $500, yo