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Donating a car rather than selling it


Donating a car instead of selling it can be more profitable. Whether it's a car, boat, or RV, donating it will yield more money in the form of tax deductions. The benefits of donations become apparent immediately.

It's important to note that there are numerous charities that accept these types of donations. While some charities may choose to keep the items, many will sell them on your behalf. This allows you to not only get rid of unwanted items but also benefit from tax deductions.

Many people are unaware of how easy it is to donate a car. The charity should handle all the necessary arrangements, whether the car is in working condition or not. If the car is broken, the charity will arrange for it to be towed and sold for parts or scrap metal. To receive the tax deduction, you will need to complete the appropriate tax forms. Be sure to inform the charity about this when making arrangements. 

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