.....Charity vehicle ...

 deduction up to the fair market value of the vehicle.

There are a few exceptions. If the charity decides to give the car away to a needy person, or if they sell the car to a needy person for far below the fair market value, then in most cases you can claim the actual worth of your car as your deduction. Also, under the "Intervening Use Exception," if the charity uses your car for awhile before selling it, and then sells it for below the fair market value, you can claim the value of your car at the time of the donation as your deduction, since their use of the car lowered the value.

However, if the charity makes improvements to the car, increasing its value, and later sells it for more than it was worth when you donated it, you can still only claim the fair market value of the vehicle at the time of donation. Whichever circumstance applies to you, the charity should notify you in writing within 30 days of receipt of the car of their intentions for the car and the donation value. If they sell the car, they must notify you within 30 days in writing of the sale price.

Of course, deductions are not subtracted directly from your tax bill, but rather allow you to reduce your tax bill by a percentage. Exactly how much a deduction will take off your tax bill depends on your income, your tax bracket and how you file.
articlee from www.goarticles.com

Hummers for the Red Cross by Correy Putton


Since 1995, when AM General Corporation, later to be absorbed by General Motors, started producing a civilian equivalent of the military vehicle M998 High Mobility Multipurpose Wheeled Vehicle (HMMWV better known as the Hum-vee). This vehicle was also much known as the Hummer and as