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Saturday, December 10th, 2011consider donating it for a good cause which will benefit the less privilege folks rather than following the usual practice of selling it to a second hand car dealer, if you are having a hard time deciding what to do with your old car. All you just need to do when donating your vehicle or car is contact a car donation services and they will take charge of processing all paper works involved in the transfer, thus it is more convenient to donate rather than selling it. In addition, you will be able to help charitable institutions that take care of the needy when you donate your vehicle and most importantly, the equivalent amount in the proceeds of the donation can be deducted to your tax payables which the IRS allows. Before you donate your vehicle, find out the amount that can be deducted to your tax payables which is covered in the revised federal tax law on car donations. The fair market value of your vehicle and gross sales amount are the two possible amounts for your car donation tax deduction, indicated in this legislation. Often revamp cars or sell them in its original condition at auctions are what car donation services do, where its true fair market value is considered, thus if a vehicle is donated with an inflated amount, it will be the gross sales amount that will be utilized. Also, it is possible that cars are not sold but rather being used in charity works or maybe assigned to a family or individual who needs it which in this manner the fair market value of the car will be utilized in the tax deduction. There are already several car donation services online and what you will do is just to dial their hotline number and fill out the necessary forms, donating your vehicle or car and getting a tax deduction is very easy and convenient.