I am self-employed and gave to the Salvation Army the car that I had been using in the business at the beginning of the year. Is that deduction treated differently because the car was used for business? Or will I be able to deduct Fair Market Value?The only difference for a car used for business is that your deduction is limited to the lower of your tax basis or the FMV. Your basis is usually the original cost of the car minus the depreciation you have claimed. If you used the standard mileage rate, part of that rate is considered depreciation. I don't remember the exact amount off the top of my head, but it's something like $0.10 - 0.15 per mile.--Peter
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