How is the value of my vehicle donation determined?

Answer Determining the value of your tax deduction for a vehicle donation is not as simple as looking up the fair market value. You must take into consideration how the charity used the vehicle.Instant Au... Read More »

Top Q&A For: How is the value of my vehicle donation determined

How is the value of my car donation determined?

You can determine the fair market value of your car donation by examining a variety of factors including the car's condition and features and your location. After determining its value based on a v... Read More »

How is the value for a totaled car determined?

After an insurance company deems a car a "total loss," it then sets out to determine the value of the car by calculating a number of different factors.ACVFirst, the insurance company must determine... Read More »

How is the value of gold determined?

Gold is a commodity sold in the marketplace at a price agreed upon by willing buyers (demanding) and willing sellers (supplying).Portfolio DemandConsider demand first: gold is widely regarded as a ... Read More »

How is fair market value determined?

According to FAS 157, fair market value is "the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measuremen... Read More »