Charitable Contributions: What You Should Know

Dr Friday Tax Tips - One Minute Moment
Dr. Friday Tax Tips
Charitable Contributions: What You Should Know

Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info go to This is a one-minute moment.

Dr. Friday 0:12
Charitable contributions. It’s a big thing. And nowadays, people are having a harder time trying to meet those exclusions. One thing I have found is that many people are great and I will tell you I have awesome clients that are very good about giving. But when saying that, giving a car can be a little bit tricky, because unless the charity sells that car, really the only exclusion that you can write off is $500. So if you have a charitable deduction like a car, and they are not going to sell, maybe they’re going to use it or donate to someone else. Keep in mind the value of that car may be less than what you think the blue book value is. If you need help with your taxes, call me at 615-367-0819.

Dr. Friday 0:51
You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.