You are intending to donate your car and you feel you have done adequate research. You have selected your charity but the tax deduction part seems confusing. You do not seem to be very clear on it. Firstly one need to know what is fair market value. Fair market value may be defined as [...]

Donating a vehicle is truly a noble cause and the reward is also immediate and special – a tax deduction. The tax deduction is quite tremendous and that is one of the reasons why vehicle donations are attracting so much of attention. One must keep in mind that you can deduct your contributions to charity [...]