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Money and Finances
Reply to "Car donation and tax credit question"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I am always shocked how many ppl don't get the difference between deduction and credit. I wish they would make some sort of PSA commercial about it. [/quote] Op here, I know what a deduction and is a credit, no where in my post did I say I didn't know the difference. I actually thought that I could skip dealing with the sale of my old car by donating and getting a tax credit, hence my question about the amount credited. [/quote] Then the answer is the same: There is no tax credit for donating a car. Never has been, never will be.[/quote]
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