- Report: #816595
Report - Rebuttal - Arbitrate
Complaint Review: Kars4Kids
Kars4Kids1805 Swarthmore Avenue Lakewood, New Jersey United States of America
Kars4Kids Kars 4 Kids If you get a vacation voucher, then you do not get a "maximum tax deduction". Lakewood, New Jersey
*Consumer Suggestion: Suggestion
The maximum tax deduction for giving a car to a charity is the value of the car (if the charity uses it) or the amount of money for which the charity sells the car (if the charity sells it). However, the donor can only deduct that amount if they receive nothing in return. If the donor receives a vacation voucher, then they are not allowed to take the maximum deduction. Instead, the deduction is limited to the value of the car (or the amount for which it was sold), minus the value of the vacation voucher.
This report was posted on Ripoff Report on 01/01/2012 04:55 PM and is a permanent record located here: http://www.ripoffreport.com/r/Kars4Kids/Lakewood-New-Jersey-/Kars4Kids-Kars-4-Kids-If-you-get-a-vacation-voucher-then-you-do-not-get-a-maximum-tax-de-816595. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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