Css hater
Camarillo,#2Consumer Comment
Sun, January 01, 2012
1. There is no "$500 tax rebate". It is a tax deduction, not a tax rebate.
2. By law, if the actual value is over $500 but the charity sells a car for under $500, then they must issue a letter for only $500, regardless of the actual value. They cannot issue one for the actual value, unless either (a) it is under $500, (b) they sold the car for the actual value, or (c) they kept the car to use, instead of selling it. If you want to claim the actual value on your taxes, then you must give the car to a charity that wants to use the car and does not plan to sell it.