Not only do you get the charitable donation deduction, but by donating the shares you're not subject to capital gains tax. (moneysense.ca)
Whether a donor reduces her federal tax liability by deducting the $ 1000 she paid in state income taxes or by making a tax - credit eligible donation of $ 1000 and taking the federal charitable donation deduction makes no difference with regard to the amount of federal taxes she pays. (educationnext.org)
You do need to pay attention to some of the finer points of the IRS's rules for car donation deductions, though. (drive-safely.net)