By Daily Press staff
The change in the tax law for car donations which went into effect on Jan. 1 has-n’t hurt one national car donation center.
“Our car donations are up about 50 percent over the same period last year,” said Karen Campese CEO of cars4charities. “Even with the change in the tax law, our donors still say they are getting a valuable tax deduction. There are a couple reasons for this.
The law allows those people who donate older, less valuable cars to deduct up to $500. For those people who donate valuable cars, cars4charities sets a minimum selling price thereby guaranteeing the donor a minimum tax deduction.
For more information on car donation, call cars4charities at 1-866-448-3487 or log onto www.cars4charities.org.
Originally published in the Santa Monica Daily Press print edition on March 24, 2005. Read the original PDF.