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Charitable Deduction
A reduction in taxable income claimed for donations to qualified charities.
What it means
The charitable deduction lets you subtract qualified donations from your taxable income (if you itemize). For vehicle donations, the deduction equals the sale proceeds reported on Form 1098-C. Cash donations to public charities can total up to 60% of AGI; vehicle donations fall under 50% AGI limit.
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Ready to donate?
60-second form, free pickup nationwide, IRS Form 1098-C after sale.