The rules for determining the amount that a donor may deduct for a charitable contribution of a qualified vehicle, including an automobile, with a claimed value of more than $500 changed at the beginning of 2005 as a result of the American Jobs Creation Act of 2004. In general, that Act limits a donor’s deduction to the amount of the gross proceeds from the charity’s sale of the vehicle.
For vehicles valued at over $500, taxpayers are required to attach the charity's written acknowledgment to their tax return.
[2]
i/ˈeɪʒə/ or /ˈeɪʃə/) is the Earth's largest and most populous continent, located primarily in the eastern and northern hemispheres. Though it covers only 8.7% of the Earth's total surface area, it comprises 30% of Earth's land area, and has historically been home to the bulk of the planet's human population (currently roughly 60%). Asia is notable for not only overall large size and population, but unusually dense and large settlements as well as vast barely populated regions within the continent of 4.4 billion people. Asia has exhibited economic dynamism (particularly East Asia) as well as robust population growth during the 20th century, but overall population growth has since fallen to world average levels.[3]
