How do Car Donation NJ for tax breaks work and are they worth it? - Ferrari

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How do Car Donation NJ for tax breaks work and are they worth it?

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michel.pete

Posted: Friday, July 18, 2008 4:39:24 PM

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Joined: 7/11/2008
Posts: 9
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Location: New Jersey

I am wondering if it would be better to sell my old truck or take a write off.

tom.greag

Posted: Friday, July 18, 2008 5:50:57 PM

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Joined: 7/15/2008
Posts: 9
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Location: US

If you donate it to a Car Donation NJ organization, they'll give you a form after they sell it showing how much they sold it for - that will be your deduction amount IF you itemize. If you don't itemize, there's no deduction.

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