Car Donation and Tax Deduction

Centerville woman looks forward to new vehicle

Dayton Daily News, OH
She said she might donate the Saturn to Goodwill. "Before if I missed a day (watching the DeGeneres show) it wasn't a big deal, but now I don't miss a ...


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Charity Saves Growing Family with New Van

MyFox Kansas City, MO
If you'd like to help Car for Christmas, call 913-244-0582. They could use donations of any type of car to help other families too.


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[Source : Google News]

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Teddy Bear Cops Car Donation Program Expands Services

PR Web (press release), WA
"This is where the Teddy Bear Cops Car Donation Program offers its Recycling Service," stated Williams. "Not only does the program provide free towing, ...


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[Source : Google News]

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Many of us look at taxes as burdens imposed on our citizenship. Life is difficult enough, many claim, and taxes make life even more of a hassle. Lots of people may go to the extent of wishing taxes away. Taxes are considered a burden to virtually everyone.

But a closer look says that taxes lay the groundwork for the social services that are provided in this country. Over and over again, it has been said that taxes support the government. Taxes provide our government with the money needed to run social security programs sorely needed. Through the taxes we pay, infrastructures are built. Every taxing season, social services are funded by the taxes asked from us. National defense is also supplied through tax money.

The government is not an authoritarian entity that doesn’t take care of its citizens. Although taxes are pesky, it offers all of the social services needed to run this country to the fullest. To ease the burden of tax obligations, the government gives allowable tax deductions for qualified citizens. These tax write offs are dependent on certain conditions which give a feeling of humanity to their nature.

The government's car donation programs offer some of these tax deductions. By donating a car you don't want to any of the car donation programs specifically established for charity, some significant tax deductions can be had.

For instance, if your charity decides to use the car for some real charity purposes as defined by law, the car donation programs the government has built would allow you a tax deduction equal to the fair market value of the car if it’s kept or the selling price if it’s sold. Indeed, these programs are great ways to show that the government can provide for its people. In many ways, taxes do more good for us than harm.

There are so many websites, often it's hard to choose which to study for Car Donation facts but we find that a variety of sources work best such as the web, speaking to friends and looking in magazines or at a library. If you need current info on Car Donation then you've come to the right spot. You'll find the most recent data on this and you can relax and dig into the material.

Just visit our website through the links below for more information on car donation programs and other related information.

For more information on Car Donation Programs or visit http://www.cardonationcharityprograms.com, a popular website that offers information on Car Donation Programs and Car Donation Charities.

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The modern society, with its distinct wealth-based classes has always prided itself with a strong inclination to charity. From fundraising events to church donations, charity has become a way for helping others but also a way to get rid of some taxes. The tax benefit one gets from donating for charity is roughly proportional to the value of the donation of course. Lately, a new “charity trend” has formed, especially in the United States and Western/Central Europe, that of the car donation.

Car donations are practically give-aways of no longer wanted or heavily used cars, to charity organizations, individuals, companies or even institutions. In the United States, the tax benefit from such car donations is among the highest you can get from donations; hence the practice of giving away your old car when you buy a new one has become very popular. Usually, the charity organization you will donate your car too will evaluate it and set an estimative value for it, which will determine this tax reduction. For values that are under $500, the value of this reduction is set by the donor’s own estimate of the car’s value. Deductions for donations over this amount are usually limited by the selling price of the vehicle. The vehicles are either sold in auctions or through direct marketing.

Although the car donation program is a solid one in theory, it has been speculated that it could soon become a “tax shelter”. Since this could not be proven so far, car donations have steadily grown to a number of almost 1 million per year. This means that almost 1 million tax payers have reduced their taxes with sums of up to $600-$700 million each year, only through this type of car donation.

From a charity organization’s point of view, the car donation program is one of the best fields to work with. Actually, it has come to a point where such non-profit organizations actually rely on car donations to keep their charity events possible. Some of them have their own car lots for donated cars and process them directly, while others rely on ads, auto auction companies and so forth. What most charity organization will do is take the donated car, sell it through the auction company and then distribute the money to local charity organizations, or further donates the money to a charity that the donor of the car indicated.

It is important to understand that the charity organizations selling donated cars don’t get a profit from it, they only take a small quota of the sum to cover up their expenses. A trustworthy car donation charity organization will bring other charities and institutions a lot of money each year, genuinely helping them out. This said, it is expected that the car donation phenomenon will constantly rise with each year, if the same tax reduction laws are applied further on. Given the fact that it’s one of the most solid and popular types of donations today, it’s very unlikely that these reductions will be hindered by government in any way.

More resources on how to make a successful charity car donation can be found on our website: CarDonationExpert.com Here are a few other websites you might be interested in: Expert dog training and free car photos and wallpapers

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Mother nature’s fury, floods, hurricanes, and earthquakes, have wreaked havoc on many people, and communities. As a result of these devastating events, homes, and lives have been destroyed. Rebuilding infrastructure and property, requires a great deal of resources, and capital. Federal, and local financial aid are much needed, however this aid falls short of what is truly required. Individual contributions are vital to fill these vast short falls. Beyond monetary contributions, donating a used vehicle can greatly benefit the needs of these desperate communities. A car donation is a process whereby both the donors, and the recipients benefit from the transaction.

Car Donations are relatively easy, and are done through a charity vehicle donation program. Generally, a telephone call is all that is necessary, in addition to a clear title to the automobile. Many charities will take vehicles that are running or not running. The car donation program will arrange for the vehicle to be picked up, conduct a charity auction sale, and distribute the proceeds to the charity of your choice. It is important to have the following information ready before you make the call:

-Owner's name -Owner's address -Owner's telephone number - work and home -Owner's e-mail address -Year, Make and model of vehicle -Running Condition? -Address where the vehicle is located. -Approximate mileage on vehicle

Your car donation is fully tax deductible, as long as the charity is a registered 501(c)3 organization. A registered 501(c)3 organization is a non-profit organization permitted by the IRS to accept contributions and offer donors a tax deduction for their gifts. Thanks to a new tax law in effect as of January 2005, the IRS has taken the guesswork out of determining the value of your vehicle. You may deduct the full price that is received from the sale of your car. This greatly simplifies the process, because you no longer have to research and arrive at an estimate of the fair market value of the vehicle. This also eliminates the risk of getting into trouble by overstating the value of your deduction on your tax return. You’ll know exactly the amount you may deduct, eliminating guesswork, and saving both time and risk.

A car donation will help provide humanitarian aid, and disaster relief for devastated areas, and communities. Additionally, a car donation will eliminate the hassles of selling a car, and give something back to a community in need at the same time. A car donation can and will make a difference.

Jay B Stockman is a contributing editor for Charity Car Donation Service Resource Visit http://www.car-donation-usa.com/ for more information.

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Donating a car is one of the most unique and easy ways to give back to the community. If you have a vehicle that you are not using, why not donate it for a good cause? Read below for what to donate, the why you should donate, the where you should donate and how you should donate your unused vehicle.

What You Donate?

Pretty much all vehicles are able to be donated. You can donate cars of any type, trucks, SUVs, RVs, boats, motorcycles and more. What you will need is the title in order to prove that you are the owner of the car.

Why Donate?

One of the first things that people question when they are thinking of donating a vehicle is why. There are many, many reasons to donate items such as these for charity. Donate Car for Charity is part of the Family Care Foundation, which is a nonprofit that assists with many humanitarian goals.

These goals include everything from orphans, AIDs Care, and medical relief. There are also focuses on computer literacy, those who are physically challenged, drug awareness, emergency relief, education and food programs. Finally, there are services for education as well as food programs.

How to Donate?

There are several different ways to donate depending on which program you use, what state you are a citizen of, and how you need to give the car. The very first thing you must do is that which is listed above: determine what item you are going to donate. This of course will depend on your needs and goals.

The next thing you must do when you consider donating a vehicle is to determine the value of that vehicle. According to Donate Car for Charity, you can deduct the entire price that the organization receives when the vehicle is sold. This helps keep you from overestimating or underestimating.

The next portion is form completion. Regardless of whether you donate your car through Donate Car for Charity or through some other organization, there is going to be paperwork.

Finally, the next goal is to insure that you have the title in hand when the vehicle is picked up. The vehicle is to be cleaned and emptied of all possessions. Arrange a time that will work through a towing company.

John Mancini is a true car maniac. To get more information about car donations, visit http://www.donate-your-car.net or http://donatecarsnow.info

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