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J Schipper's Articles in Cars Show All|Display Category|Title|Newest|Oldest Should You Give Your Car Away? You can give your car to charity and deduct the gross proceeds from the sale if the proceeds are for more than $500. If the claimed value of the donated motor vehicle, boat or plane exceeds $500 and the item is sold by the charitable organization, the taxpayer's claimed value is limited to the gross proceeds from the sale. The charitable organization must notify the donor within 30 days of the sale of the amount of the gross proceeds. However, if the charity adds impro...

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