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Worth of Donated Car and Tax Credit

Hello,

  1. If my car needs some part replacements, should I still donate the car? Will the car still be of use to a non-profit organization?
  2. How is the value of the donated car be determined?
  3. Can I take the receipt from the organization that take in my donated car for tax credit when I do my income tax?

Thank you.

John

1 Answer

0

Hi John

  1. Yes! Usually we scrap the car or put it in the UPIC yard for a bit then scrap what is left.
  2. We donate the scrap value to a charity of your choice.
  3. The charity themselves will issue you the tax receipt at the end of the year.
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