The policy regarding the car to donate for tax deduction is not as straightforward as other charitable donations. The tax relief depends on the donor’s claimed value of the donation as well as on the way the charity uses the vehicle. Thus you may not know the size of your deduction when you make your donation. In addition, as from 2005, the statutes for tax deduction for cars donated to charitable trusts have been altered. Now if the stated worth of the donated vehicle is more than $500, and if such vehicle is put up for sale by the charitable trust, then the taxpayer is limited to the gross profits from the transaction.
Author: Administrator
Beating depression
Beating depression can seem like the most impossible thing in the world when you’re the one suffering from it. When you’re depressed it seems like everything has gone bad and will never be good again.
Fortunately, there’s help for those suffering from depression. And even though you may not believe it, it is possible to beat depression.
To beat depression, you should first figure out if it’s just a case of the blues or is something more serious. The blues attack all of us from time to time, but they don’t typically stick around for long periods of time. Serious depression, however, seems to last forever. So if you’ve been feeling down for two weeks or more, you should see a health care provider for help.