Article: New law to give smaller tax break for used-car donations.

Byline: Beth Gallaspy

Nov. 29--Hoping to turn a used car into a tax-deductible donation to charity? Better hurry.

A change in tax law means those generous donations won't bring as big a break from the Internal Revenue Service after Jan. 1.

Under current law, a taxpayer filing an itemized tax return can deduct the fair market value of an automobile given to a nonprofit.

Starting next year, if the charity resells the vehicle, the maximum deduction will be the sale price.

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