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Car Parts
There may have been several instances where we have come across advertisements where we see businesses claiming to buy peoples old, junk cars from them and pay them cash in exchange. A lot of us may have had this question pop up in our minds; what do these businesses really do with other people's junk cars?
Never offer to Donate your car unless you are doing it for moral purposes. Before 2005 The IRS was writing out deductions like nothing. Until they realize that they where losing Millions in revenue. Nowadays, to receive a deduction on a vehicle donation the value must exceed, but not including, $5,000. What does this mean? If you donate your car and they give you $5001.00, then your deduction is only $1.00.
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