Help Taxpayers Charities And Auto Dealers By Passing Bill Hr
March 29th, 2010 | 
Author: Help Taxpayers Charities And Auto Dealers By Passing Bill Hr 6727
The current economic crisis has hit everyone hard. With most Americans cutting back on spending car sales and donations to charities have plummeted. At the same time the demand for help from charities that assist low income and homeless citizens has increased sharply.
The passage of bill HR 6727 will help alleviate some of this strain by repealing the limitation to vehicle donations enacted by Congress in 2004. Under this bill taxpayers would be allowed to deduct the Fair Market Value up to 2500 for their car donation and the appraised value over 2500. Currently taxpayers are only allowed to deduct 500 or what their car sells for whichever is greater.
Passing this bill will be the equivalent of an economic stimulus. It will provide a much needed incentive for taxpayers to donate their old car and purchase a newer one. The result will be a valuable tax deduction for taxpayers increased car sales and more money to charities. It will be a winwinwin situation.
I am asking everyone; taxpayers auto dealers auto workers charities etc. to write call email or fax their Congressional members and Senators and urge them to pass bill HR 6727 immediately! A sample letter can be found at www.cars4charities.org/press.php
Thank you!
About the writer: Karen Campese is the President/CEO of Cars4Charities Car Donation Center.
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