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I just donated a car to Goodwill

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bleedingheart Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-22-05 09:04 AM
Original message
I just donated a car to Goodwill
The woman told me that they have been having a lot less donations lately, I guess due to changes in tax laws??.

It was a great car, it still runs and I hope they get a good price for it.

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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-22-05 09:25 AM
Response to Original message
1. not the tax laws but the
squeeze on the middle class. my local charity shop has seen a drop off of quality items in the last two years. more economic miracles from bush
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joeybee12 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-22-05 09:29 AM
Response to Original message
2. Good for you! I don't think there was a change in the law, but in the
enforcement of it. People were claiming way too much as a sticker price on their write-offs, and the IRS was going to start looking at that more closely.
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minerva50 Donating Member (229 posts) Send PM | Profile | Ignore Fri Apr-22-05 09:29 AM
Response to Original message
3. I heard they have changed the tax rules
Edited on Fri Apr-22-05 09:30 AM by minerva50
You have to write off the value the car actually brings in for the charity. It used to be you could claim whatever (optimistic) blue book value you chose.
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progressoid Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-22-05 09:31 AM
Response to Original message
4. Cool - I did that a few years ago too.
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