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Are you buying a new car or renewing your registration for an old one?

Charity begins in the garage.

by on
in Small Business Tax,Small Business Tax Deduction Strategies

Are you buying a new car or renewing your registration for an old one? If you pay an extra fee for a license plate promoting a charitable cause, you may be entitled to a charitable tax deduction. In a new information letter, the IRS allowed a tax payer to deduct the difference between the higher cost of a plate supporting natural habitats and the lower regular fee. (IRS INFO 2008-0004)

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