- Clean water under attack in the U.S. Congress
- Man faces charges following attempted armed robbery
- Discovery Center experiences record public attendance
- Pet Talk: Probiotics for your pets
- Illinois home prices climb 3.7 percent in December
- Supreme Court and gay marriage — U of I expert weighs in
- More than 6,100 residents of Winnebago County enrolled in Marketplace
- First large U.S. delegation to visit Cuba since opening of relations
- Merger complete for Illinois Bank & Trust, Galena State Bank
- Crusader welcomes Dr. Maria Lozano Vazquez
Auto News: Donating your car to charity can earn you a tax deduction
The economy is showing signs of recovery, even with the rising cost of gas. Many people who held on to their car during the recession are now looking to replace it with a more fuel-efficient one.
If you are one of those people, you have to figure out what to do with your car. If your vehicle does not get good gas mileage, has a lot of miles, is more than five years old or is not in good condition, the dealership won’t offer you much for it as a trade-in. They won’t want it because there is no demand for it. It will be difficult to sell it privately for the same reason.
One alternative is to sell it for a couple of hundred dollars to a junk yard. A better alternative is to donate your car to charity. Cars4Charities will gladly take your old car, no matter what shape it is in. In return for your generosity, you will get a tax deduction of $500 or more. They have hundreds of charities that can be helped by your car donation. For details, go to http://www.cars4charities.org/ or call 866-448-3487.
From the April 4-10, 2012, issue