New law reduces tax benefits of donated autos
Charlotte, N.C., residents are rushing to donate their cars before a new law goes into effect that will diminish the tax benefits of giving.
Charlotte, N.C., residents are rushing to donate their cars before a new law goes into effect that will diminish the tax benefits of giving. According to The Charlotte Observer, under the new law, donors will only receive the amount a charity is able to sell their donated vehicle for if the value exceeds $500. The Charlotte Observer
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