- Man arrested after ax incident
- The Odds Man: Chicago, Detroit, San Diego good bets in Week 4
- Updated: Roosevelt High School evacuated after bomb threat
- Grand jury: No charges against Tony Stewart
- Laurent House to remain open for tours throughout the year
- Dynamic father-son piano duo at Mendelssohn Sept. 26
- Award-winning author Dr. Amina Gautier at Rock Valley Sept. 25
- City to remove traffic lights
- Apple orchards still hurting from last winter’s cold
- Photos: North America’s largest World War II-era re-enactment at Rockford’s Midway Village
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