Corvette Dream Giveaway is now in its 12th year in making Corvette dreams come true while helping a number of great charities along the way. Also back for the annual fundraiser is Lingenfelter Performance Engineering which has been part of the Corvette Dream Giveaway since it began. For 2019, the Corvette Dream Giveaway is offering two very special Corvettes – a 2019 Corvette ZR1 with the ZTK Performance Package and a 1961 Corvette restored! And as always, the winner of these two Corvettes will also receive a check for $60,000 to pay the taxes! 1961 Corvette Restomod Inside the cockpit you are greeted with a gorgeous red leather interior with bright modern silver gauges that retain the look of the originals. The cockpit offers a refined driving experience with a leather-wrapped steering wheel and a beautiful automatic shifter planted on the center transmission hump. Creature comforts include power steering, power brakes, air conditioning, and a classic AM/FM radio that … [Read more...] about [PICS] Win a 2019 Corvette ZR1 and a 1961 Restomod in the 2019 Corvette Dream Giveaway!
Donating a car to charity tax deduction
2018 Corvette Dream Giveaway comes to an end and another winner is announced. Now through the end of the year, a donation of $25 or more will double your amount of tickets! And that means double your chances to win the 1965 Lingenfelter Corvette Sting Ray Restomod and the 2018 Lingenfelter Corvette Grand Sport, plus $50,000 to pay the taxes! I’ve had the opportunity to be behind the wheel of both these great Corvettes and I can say someone is going to be very happy to put these Corvettes in their garage. The 1965 Corvette restomod is powered by a fuel-injected LS3 that’s been prepped by Lingenfelter Performance Engineering and features a five-speed manual transmission, sidepipes and creature comforts like air conditioning, power steering and brakes, power windows and more. The car was painted in modern-day Arctic White so it matches the 2018 Corvette Grand Sport perfectly. get your bonus tickets today! Your tax-deductible donations support the New Beginning … [Read more...] about Get Double Tickets to Win the Vettes at the Corvette Dream Giveaway
Susan Tompor Detroit Free Press Published 6:00 AM EST Nov 26, 2018 Giving Tuesday — the Tuesday following Black Friday and Cyber Monday — kicks off a season for giving back. Yet if you're more focused on getting back in the form of a tax break come April, you may want to think twice about how many year-end checks you write to charity. Will you or won't you be able to take a tax deduction for charitable contributions on your 2018 tax return? The tax rules for 2018 will be vastly different than they were last tax season, thanks to the Tax Cuts and Jobs Act of 2017. Some taxpayers will no longer be itemizing deductions beginning on their 2018 federal tax returns because of a higher standard deduction and other significant changes tax rules, including new limits on deducting state and local income taxes and property taxes. About 46.5 million tax returns itemized deductions for 2017. It's estimated that the number will drop to 18 … [Read more...] about What to know about year-end giving after tax overhaul
2018 Corvette Dream Giveaway will be coming to end soon with the contest closing in just two months. In January 2019, the staff at the Dream Giveaway Garage will draw the name of one lucky winner who will receive the keys to a 1965 Lingenfelter Sting Ray Restomod and a 600-hp 2018 Lingenfelter Corvette Grand Sport, plus $50K in cash to pay the taxes. Will it be your name they draw? You can’t win the cars if you don’t have the tickets and the good news is that you can get 75% in bonus tickets with your donation of $25 or more! That’s 35 tickets for the cost of 20 on a $25 donation and that’s more chances to win one of the greatest automotive prize package available today! Just follow this link and get your bonus tickets today! Your tax-deductible donations support the New Beginning Children’s Home, a 501(c)(3) organization, along with a number of well-known and respected charities including Honor Flight, the National Guard Education Foundation, Smile … [Read more...] about Get 75% Bonus Tickets with $25 Donation at the Corvette Dream Giveaway
Over the years, I’ve had some friends and customers tell me that they were going to donate their cars. And I asked why not sell to good car dealers in Spokane? They were attracted to this idea because of the tax deduction and the ability to help out a charity of their choice. Unfortunately, there’s a lot of bad information out there about donating your car. Donating your car is sometimes a little confusing, like buying a used car Spokane has to offer. A simple internet search can clear up a lot of confusion. If you’re donating your car for the purposes of a tax deduction, you need to know the math and the rules. The IRS doesn’t make anything easy. Some friends of mine think that you get to write off the book value or fair market value of the auto from estimated taxes owed. For example, if I paid $7,000 in taxes last year and if I donate my car to charity for $4,000, then I only need to pay $3,000 in taxes and I don’t have to go through the hassle of … [Read more...] about What you need to know about car donations: Good Car Dealers in Spokane