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Unread 08-02-2008, 02:36 PM   #1
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Default Serious question about Tax Back (Car Donation New York) (and I was in school)?

So I donated my car last year when the transmission blew. My total tax money from federal and state was about 4400 dollars and I was in school and have that slip that should give me full back. My question is the tax paper from the car donation came back and said it was sold for 2000 dollars. If I already was going to get full back will I get just 4400. Or 6400 or some here in between. Please let me know.

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Unread 08-02-2008, 05:06 PM   #2
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you still get 4400 but you have to itemize.
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Unread 08-02-2008, 05:07 PM   #3
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Default Serious question about Tax Back (Car Donation NJ) (and I was in school)?

If you donated the car, you get full market value go to Car Donation NJ (what its worth with blow engine) as a write-off. What the car sold for is irrelevant.
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Unread 08-27-2008, 05:14 PM   #4
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Thumbs up Re: Tax Back (Car Donation NJ) (and I was in school)?

If you want to donate cars or trucks in New York, you need to do your homework before you make your donation. Without researching potential recipients, you may prohibit yourself from receiving the tax benefits from your gift. Knowing what to look for in a nonprofit organization and how to make a donation can help you support a worthy cause while receiving financial benefits at the same time.

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