Worth of Donated Car and Tax Credit
Hello,
- If my car needs some part replacements, should I still donate the car? Will the car still be of use to a non-profit organization?
- How is the value of the donated car be determined?
- Can I take the receipt from the organization that take in my donated car for tax credit when I do my income tax?
Thank you.
John
1 Answer
Hi John
- Yes! Usually we scrap the car or put it in the UPIC yard for a bit then scrap what is left.
- We donate the scrap value to a charity of your choice.
- The charity themselves will issue you the tax receipt at the end of the year.
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