Car Donation and Tax Deduction

Want to Donate Your Car: Who Will Accept It?

Do you have a car that is just sitting around in your driveway? If so, what do you plan on doing with it? Unfortunately, many individuals do not know; therefore, their car sits there until it needs to be professionally removed. If you would like to actually do something with the vehicle that you are no longer driving, you may want to think about donating it.

When it comes to car donations, there are many individuals who are unsure as to whether or not they should donate their car. One of those reasons is due to a lack of knowledge on how the car donation process works. There are many individuals, maybe even yourself, who have no idea how to go about donating a car or even who they would donate their car to. If you are one of those individuals, you are advised against letting this lack of knowledge prevent you from participating in this amazing opportunity. Instead, you are advised to learn more about the car donation process.

Depending on where you live, you may have a number of different options when it comes to donating your car. The larger the city you live in or around, the more options you will likely have. This is because many larger cities have numerous car donation places, as well as charities that would be more than willing to accept your car. If you are wondering which place would be the best, you are not alone. Millions of other car owners are asking themselves the same question. Before you can determine which organization would be the best choice, you are advised to famialrize yourself with all of your options.

As previously mentioned, there are a number of car donation organizations. These organizations are ones that specialize in collecting cars from individuals or businesses that no longer want or need their own. All car donation organizations work in different ways, but many have a similar goal. That goal is getting your vehicle to the charity group that could the most benefit from it. Doing business with a car donation organization will prevent you from having to research and contact local charities, many times for you to find that they will not accept your vehicle donation.

Despite the fact that car donation organizations could make your car donation experience easier, you may want to deal directly with your local charities. If this is the case, you are advised to contact a number of non-profit organizations or charities. You can easily find these groups, such as churches, homeless shelters, and food pantries, by using your local phone book or the internet. In the event that you can not find anyone who is willing to accept your vehicle donation, you can then turn to a car donation organization for assistance, if you wish to do so.

As you can easily see, there are a number of different ways for you to go about donating your car. Regardless of who ends up with your donation, it is likely that your old car will be helping out a number of individuals, in a number of different ways.

Mariah Cruz is a writer for Car Angel . com where you will see abundant amounts of information to Donate car and other related information.

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Charity car donation – steps to take

If you would like to help people who are less fortunate than you and you don’t know which are the possibilities to do so, or if you intend to buy a new can and don’t know yet what to do with your old one, then car donation might be the perfect solution.

You can donate your car to a wide range of charity organizations, but picking the most representative ones requires getting some previous information. So before actually donating your car, make sure you get some relevant info about the charity organization, its purposes, projects and usage of your car. You might find out that there are various organizations that have different goals and you will probably find, among them, a great cause and possibility to donate your car to something meaningful. Even more, make sure that your car is going to go to an eligible organization that is serious in its acts and has valid previous work.

In order to be sure, speaking directly with the charity agents is the safest way to go. In fact, the IRS requests that the donors are aware of the type of the fundraiser society they choose. When talking to the charity representatives, the most important information regards the exact usage of your car, if it will be sold, fixed up, offered to the less fortunate people and so on. Besides these, you should check up if the charity organization is qualified and in order to know that for sure, you can review the organization’s state registrations and financial situations, administrative costs and charitable programs.

Charitable donations and car evaluations

Another important thing before donating your car is evaluating it in a correct way. There are various guides on the market that offer elaborate instructions, in order to establish the valid value of your car, depending on its general condition, accessories, age and mileage. After making sure that you selected the correct charitable organization and the optimum evaluation, you should be aware of the fact that you are required to complete and attach an IRS form to your tax return, in case you are claiming a car donation that values 500 $ or above. More info on www.cardonationexpert.com Donating a used car to charity is a great solution if you are planning to purchase a new car or if you are simply willing to contribute to a charitable activity. Knowing and following some steps before the actual car donation avoids further worries, as it makes the process a safe and fulfilling one.

Are there any hidden facts about used car donation that I should be aware of?

First of all, not every used car donation programs are functioning legally. Before you make your used car donation, you should check with the IRS if the charity is a non-profit organization listed under paragraph 501 (c) (3) in the IRS Publication 78.

Secondly, check out if the used car donation program is run in-house by the charity itself or by a third party. If a third party is operating the used car donation program, you should ask what percent of the profit made by selling the donated cars actually goes to the charity. Often, third-party operated used car donation programs produce small amounts of money for the charity. Smaller charities do not afford the costs of transportation and storage for the donated cars, not to mention the costs involved in charity auctions. This is the main reason why charities accept to have their used car donation programs run buy third-party brokers.

By Michael Rad

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