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A car donation made to a reputable charity greatly benefits the charity and the donor. If the car donation is accepted, the charity takes care of towing expenses and provides you with the essential documents for your tax purposes.
Car donation or charity car donation or used car donation or
charitable car donation or donating a car to charity is the practice of giving
away no-longer-wanted cars, trucks, boats, motorcycles and other vehicles to
charity organizations.
Some car donors in need of a new vehicle even buy recently
donated and repaired vehicles. You can get a car donation tax deduction up to
the limits allowed by the IRS. Regardless of the laws, it's a good idea to
protect yourself by having insurance coverage on your vehicle until it's
donated.
Make sure you have the title to the vehicle handy when you
call in your donation. And when you donate a car, you know you'll get it off
your property within a couple of days, clearing out much needed garage,
driveway or yard space.
Some charities that run the program instead of hiring a car
donation program middleman are discriminating about which vehicles they accept,
repair and materially improve, and they sell most of the vehicles at retail.
One of the exceptions to the new IRS regulations allows donors to still deduct
the fair market value of their vehicle, provided the charity materially
improves the vehicle. Charities look at car donations from both the point of
view of the donor of the car, and the charity receiving it.
Just fill out the forms the charity gives you and have them
ready for the driver when he comes to pick the car up. Best of all, by not
selling your car yourself, you don't have to worry about total strangers
calling you to get information about where you live, or coming to your house to
see the car or other vehicle. If you have an unused vehicle sitting around, you
never know when a storm might cause damage or your vehicle might get
vandalized, or if on the street that it gets involved in an accident
Cars that are not being used make good donations, enabling
many less fortunate people to have a means of transportation. If you don't
intend to deduct the vehicle donation on your tax return, no further action is
essential. For one thing your vehicle must have all four of its tires inflated
to be accepted.
Some charity car donations may not qualify for the tax
exemption because of their condition. If it's necessary to go through a
middleman, find out what percentage of your donation will go to charity and
shop around for the best deal. A charity car donation is usually picked up
within one or two days of submitting the donation form.
There are similar charitable donation laws in all countries.
The new rules allow the donor to deduct only the amount the charity receives
for the vehicle. Certain commercial firms and trade organizations publish
guides known as "blue books," that state average resale prices based
on the model and year of your vehicle.
Don't let your unused vehicle go to waste just sitting. Cars
are donated to the recipients directly or they are sold and the money is given
away as charity. In wear and tear, minor repairs and breakdowns, an average
vehicle owner might spend more than $3000 per year.
And when you donate a car to charity, you know you'll get it
off your property within a couple of days, clearing out much needed garage,
driveway or yard space. A tax deduction is an important consideration for you
when donating a vehicle to a charity - you should check out the charity, check
out the value of your vehicle and see what your responsibilities are as a
donor. If you think that donating an old car is a good way to ease your tax
situation then check into it today.
For more information 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/751522 By Helen Hecker
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