Some taxpayers apparently believe that the ability to claim a charitable deduction for donation of an automobile ended on Dec. 31, 2004. The advertisements on the radio would make one believe that nothing has changed, and that you can still claim a deduction for donated automobiles just as before Jan. 1.
As usual, the truth is somewhere between the two. Now the Internal Revenue Service has issued some additional guidance on vehicle donations to help clarify the situation.
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