Cars are one of the most expensive items to own, both in terms of the initial investment we make in them and in the cost of ongoing maintenance. Fortunately, there are valid ways to offset these expenses with tax deductions. You might qualify for one or more of these options for personal, small business, self-employed or business deductions. (If you’re not taking advantage of these deductions, you could be missing out on tax savings, start planning for next year!) 1. Charitable Contributions If your old car isn’t going to make it much longer, and the cost of repair isn’t worth the investment, consider donating it to charity rather than trying…