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DONATE CARS |
| DONATING YOUR CAR - BASICS YOU NEED TO KNOW |
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Do you have an old vehicle that you no longer
drive? Will you get any reasonable value if you were to trade in
this car to a dealer or sell it via classified ads? In this case you
may consider donating your car
to charity. Donating your car to charity is both an economically
responsible and socially conscious way to get rid of your used car.
There is a number of different benefits to donating your car: you
feel contented and pleased with the fact that you have helped some
needy children with a meal or clothes with the money generated
through the sale of your old car; plus donating your car may also
qualify you to receive a tax deduction. The process of
donating your car to charity is simple: call the organization
and someone will come and pick up your vehicle, or tell you where to
bring it. Here are a few places and Charities to consider donating your car to: |
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Decide what kind of charity you would like to help by donating your car. The sum of your tax deduction is regulated by how the vehicle is used. Information about how your car may be used should be supplied by the charity on request. A charity will most probably sell the vehicle and use the payoff for programs; however, a few will repair the automobile and donate it to a household in need or employ it for auto repair training. Most organizations will admit only vehicles that are drivable and in safe condition. Others will accept just about anything. When donating your car you should always call a charity to find out their car donation requirements. Many organizations provide pick ups for vehicles within a certain region, even if it needs to be towed. Others may ask you to deliver it to their drop-off site. Some charitable organizations encourage donating your car through their internet sites. Other car donation web-sites are controlled by regional or national mediators. These web sites usually allow you to pick out, from a list of charities, where you wish your donation to go. This could be an outstanding way to send your contribution to a national charity of matter to you. In general, in order for your donation to be tax deductible, the proceeds must go to a charity -- 501(c)3 tax-exempt organization. Contributions for donating your car to different types of tax-exempt formations, such as 501(c)4, are typically not deductible. |
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