The change in the tax law for car donations which went into effect on January 1 st hasn’t hurt one national car donation center. “Our car donations are up about 50% over the same period last year" says Karen Campese CEO of cars4charities. “Even with the change in the tax law, our donors still say they are getting a valuable tax deduction." “There are a couple reasons for this" according to Campese. “The law allows those people who donate older, less valuable cars to deduct up to $500. For those people who donate valuable cars, cars4charities sets a minimum selling price thereby guaranteeing the donor the best tax deduction possible." "It appears that most people still think donating a vehicle is a good altermative to trading it in or trying to sell it themselves."
For more information on car donation, call cars4charities at 1-866-448-3487 or log onto their website www.cars4charities.org .
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