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by URSpider94
2822 days ago
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The IRS made specific rules for vehicles because of a massive spate of “cars for xxx” charity donation scams. Basically, you could donate a junker car, the charity (more properly, the charity’s contract car donation service, a few companies did this for a large number of sponsor charities) would get you a massively padded appraisal, and then would crush the car and give the charity $50. You got a fat tax write-off, the charity got $50, and the service got the scrap value of the car, minus $50. |
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