The tax law change concerning the donation of cars to non-profit organizations has been confusing to some people. A donor may deduct from his itemized taxes the gross proceeds of the sale of the car by the college if it is more than $500. The sale amount may be more or less than the Blue Book appraisal. For more information concerning the law and other specific requirements that may affect car donors, log on to: www.irs.gov. Publications 526 “Charitable Donations” and 561 “Determining the Value of Donated Property” contains the important information.

If you are thinking of buying or replacing a car or truck in the future, please contact Ken at 541/389-2100 to discuss your options. Your car donation is important to the ongoing work of HDCC!