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tickle1
New Member

I'm on disability and I'm thinking of donating a vehicle with a tax value of 2400 I have 0 income this year. Will this help with my teturn?

 
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I'm on disability and I'm thinking of donating a vehicle with a tax value of 2400 I have 0 income this year. Will this help with my teturn?

No, it will not.  If you do not have taxable income then you have not paid any taxes from which to receive a refund. Furthermore, charitable donations only affect your tax due or refund when you have enough other itemized deductions to exceed your standard deduction. You would be better off selling the car for whatever you can get for it.  

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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2 Replies

I'm on disability and I'm thinking of donating a vehicle with a tax value of 2400 I have 0 income this year. Will this help with my teturn?

Are you receiving any disability income?

I'm on disability and I'm thinking of donating a vehicle with a tax value of 2400 I have 0 income this year. Will this help with my teturn?

No, it will not.  If you do not have taxable income then you have not paid any taxes from which to receive a refund. Furthermore, charitable donations only affect your tax due or refund when you have enough other itemized deductions to exceed your standard deduction. You would be better off selling the car for whatever you can get for it.  

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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