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If you're thinking about a charity car donation I'm going to
outline some of the facts you should know. You can receive a nice IRS tax
deduction for your old car or used car and help someone in need in the process.
It's called car donation or charity car donation when you
give a charity organization your vehicle - automobile, car, truck, ATV, RV,
airplane or any other vehicle which might or might not be in useable condition.
In the U.S. charitable vehicle donations provide a great tax benefit for the
donor and it's rapidly gaining in popularity.
First you want to learn the mission of any charity you're
considering. If you have a specific charity in mind for the car donation do
some research on it, especially if you're not sure how reputable the charity
is. There are many national and local charitable organizations that advertise
in newspapers or on television and openly announce they are looking for car
donations. You have probably seen some of these, but are they your best choice?
Sometimes charities will use the car donations themselves in
their daily charitable activities - sometimes to transport people. Perhaps they
may use it to transport people in need to doctor's appointments, social worker
appointments, hospital tests, etc. More often though the vehicles will be sold
at auction or off their car lots to raise money for the charity's programs or
their general fund. Yes it is not common knowledge that many charities have
their own car lots. Many Goodwill Industry stores have their own.
Many people do choose to donate their used and unwanted cars
in order to help others. If you buy a new car or own a car that isn't running,
you can consider donating the car, truck, or other vehicle. You can also donate
boats, RVs, ATVs, airplanes and other vehicles or even real estate depending on
what your charity accepts. Your donation is tax deductible which helps you and
the organization that you donated the vehicle to.
Day in and out, charities provide services and needed
support to people in communities all over the nation. While some may receive
government grants or private donations, this is never enough to take care of
the many causes they pursue. Charity car donations are a planned part of the
non-profit organization's budget. These vehicle donations can make the
difference in the kind of services they can offer. So if you donate vehicles
you will help these organizations continue to function
In a nutshell, car donation means acquiring old cars from
donors and donating them to charity organizations. There are car donation
companies that are intermediaries or links between the donors and the people
who benefited from these donations. They are a big help in funding for charities.
Some companies even help organizations that do not have their own charity
programs. The car donation companies can auction the donated car or other
vehicle in the marketplace and the money is given to the charities or the car
can be used by the charity organization or be sold on their used car lot.
When you give your car to charity you are given a charitable
gift IRS Tax Receipt. The vehicle donations when made to a reputable and bona
fide charitable organization are tax-deductible. The IRS allows the donor-taxpayer
to claim a tax deduction on the estimated value of the vehicle up to $500. The
donor of the car or vehicle must have title, so make sure you have it handy
when you start the process.
Make sure to ask if the charity handles the car donations -
have their own charity car donation program or pays an outside company to do
it. If the for-profit company handles the car or vehicle donations, find out
just how much money the charity receives from the sale and how much will go to
the for-profit company.
You will see car donation program in just about every major
city in every state in the U.S., including California, Massachusetts,
Minnesota, New Jersey, New York and Michigan. There are no laws preventing
charities from accepting these types of donations.
Some of the car donation charities you might see are:
Target, Purple Heart, Kidney Foundation, Salvation Army, Goodwill Industries
and various cancer organizations.
In any case you will greatly benefit for your charity car
donation both in claiming a nice car donation tax deduction or benefit and in
helping charities continue to operate so they can help people in need.
For more info on choosing the best charity car donation, car
donation program, used car donation or charitable car donation online and
offline go to http://www.Car-Donation-Info.com for charity and tax deduction
tips, help, facts, reviews, including information on all types of car donation
Article Source:
http://EzineArticles.com/expert/Helen_Hecker/23532
Article Source: http://EzineArticles.com/1208398
By Helen Hecker
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