AICPA Tells Taxpayers To Check IRS Rules On Donating Used Cars To Charity

Save the Deduction or Make a Bigger Down Payment on a New Car
To Get Extra Mileage out of the Deduction

High gas prices are causing many Americans to think about buying a more fuel efficient vehicle, but if you think you can donate your old car to charity and then take a hefty tax deduction, the American Institute of Certified Public Accountants (AICPA) advises you to brush up on the rules because they may be different than you remember.

“Taxpayers usually can’t write off the full market value of a vehicle"............