Discover the benefits of donating your car to charity, from tax deductions to aiding causes you support. Learn why it can be a win-win for both you and the charity.

Here’s how to give wisely.

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...

Changes in the tax law will have different effects on people who take the standard deduction versus high earners who itemize.

Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only ...