As tax year 2011 comes to a close, Washington-area residents will see and hear an escalating number of advertisements that go something like this: “Donate your vehicle to [insert nonprofit name here]. Earn a big tax deduction.”
The vehicle donation programs operated by most nonprofits in the region were nearly dead six years ago when federal tax law changed, barring donors from writing off the Kelley Blue Book value of their contributions. But the strong survived, or farmed out their programs, in what has fast become a fitfully competitive race across the for-profit and nonprofit sectors for any prized vehicle ...
Story by Michael Neibauer, Published: December 9, 2011
Photo by Joanne S. Lawton
Read the full article at The Washington Business Journal.
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