Friday, August 31, 2012

How To Turn An Old Car Into The Best Car Donation Tax Deduction


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.

Thursday, August 30, 2012

The Steps To Undertake When You Donate a Car


In case you have or will have an old junk car sitting outside your house that you just do not feel like messing with at the moment, why not put that car to good use and contribute it to donate car New York? Let's check out the different ways that both you and your charitable organization of choice can usually benefit from a car donation.
If you are looking to sell a car in New York, you'll have to go through the typical method of putting up an ad, displaying the automobile to individuals, maintaining it in running order, and so on. Ultimately, you might end up with $100 in your pocket, all of these you have to spend on headache treatments to combat the strain you merely experienced. Rather than carrying out all that, you may donate your car to charity and permit someone else to undergo the hassle. You get the automobile taken away free of charge, and the charity receives the cash after they finish a sale. The money which they get from the automobile is likely a lot higher than what they would have gotten coming from a cash contribution, so you're doing them an excellent favor with the automobile donation.
First, you have to ensure that the charitable institution in which you make a donation is officially registered, and can accept donations for tax deductions legally. You're likewise advised to locate a charity that provides an automobile shuttle service for free.
Second, you can see in the Kelley Blue Book or IRS Publication 561 that contains how to figure out the value of donated property. For additional information you can read IRS Publication 526 concerning non-profit donations. You'll need a certified appraiser if the value of your car is greater than $ 5,000.
Third, you would then obtain a receipt from a charity concerning the donations. In this document established the date of donation, federal tax number, your name, as well as date of your respective donation. There's also information regarding your donated auto.
Fourth, you must notify the DMV and follow the processes on just what to do for your vehicle title and plates. You should likewise inform the insurance company, the IRS 8283 form to become an alternative form to your settlement. Save the form, because you'll utilize it to reduce your own tax.
Car donation services tend to be most active within city areas including L.A or New York. However, vehicle donations in rural areas are picking up significantly. While there are plenty of vehicles donated in city areas, it is often charities in more rural areas that will need assistance. Regardless of where you live, you can be certain that donating your car will probably be much appreciated by various non-profit organizations.
If you're planning on donating your old vehicle to charity, make sure you check out donate your car. Keep in mind that the car donation service offered will certainly donate your vehicle to a charity, and not keep the contributed vehicle for their own use.

Wednesday, August 29, 2012

Donate a Car For a Tax Deduction - Which Car Donation Organizations Are Legitimate?


If you're thinking about donating a car to a charity or non-profit organization so you can get a tax deduction a few questions may come to mind. First of all you're probably wondering what car donation organizations are legitimate? Of course, you want to know that the charity or charitable organization you donate your car to is qualified and just not out to get your car for selfish monetary gain. And know that you'll be able to take a tax write-off.
You'll find there are many types of charitable organizations including religious organizations such as churches, mosques, synagogues and temples. So where do you begin.
There are many national organizations as well as local organizations. Many with names you've probably heard like Goodwill, Purple Heart for our vets, and the Kidney foundation just to name a few. But local organizations or local chapters of the national organizations will be coming to pick up your used car or tow it unless you are able to drive the car to the charity after all arrangements are made.
You want to make sure that the charity or charitable organization you choose is operating legitimately. Yes, there are car donation programs or organizations out there just looking to take your car and not providing what you need in terms of documentation for your income tax return.
However, you can avoid that by asking the charity if they are a registered 501(c)3 charity or other qualified religious organization. Ask to see proof in writing. Once your car or other vehicle changes hands it will be hard to get it back. You need to verify this so you know that they can legally accept your car and that you can legally take a tax deduction. Religious organizations are not required to get registered however.
Be aware that there are car donation intermediaries. These are companies that advertise to get you to donate your car to them and they take a good chunk of the profit. (Charities hire them to handle their car donation programs.) It could be as much as 55% or more. Ask if your charity uses an intermediary. If you want the profit to go directly to the charity you need to choose one that does not go through an intermediary.
Some charities charge a vehicle removal fee. Most legitimate charities will pick up you car or truck or other vehicle without charging a fee. In addition, if you deliver it of course, there will be no fee. So make sure to ask if there is a removal fee.
So that's what you need to know to determine which charities or charitable organizations have legitimate car donation programs. You may want to pick a name that you know has been around for a long time and check them out first. Most have local chapters so it should be easy.

Tuesday, August 28, 2012

Donate Your Old Car To Charity


In case you may have an old car left at your house, and you're not sure exactly what you might do with it, consider donating the vehicle to charity. You may be convinced that the old car isn't really worth very much and it's only an old junker. To the contrary, your vehicle may still have a lot of uses. You may well help lots of people by just donating your vehicle, while likewise gaining something for you. Donating your vehicle is the greatest way for you to do away with it, considering all the good it will do. The charitable donation could mean a whole lot, without you even knowing it.
A great way to begin would be to do an online search for any charities. Looking for all of them on the internet is generally the quickest, most simple method to see them and find any information you will need. It will be possible to speak to a person who is able to describe the actual procedures and also the regulations related to tax deductions, and also respond to all of your concerns. It is necessary for you to learn ways to deduct your donation from your taxable income. You will be able to deduct from the income taxes more than several hundred dollars. The actual charity is going to tell you after they complete the sale of the donated vehicle as well as the selling total. You should use this amount to figure out your own deduction.
The particular make and model of a vehicle will mainly determine its market value. For instance, many late models vans and other vehicles having a higher mileage could be practical, but may need high-priced repairs before they may be approved for road use. Just by donating your car or truck, you could be providing yourself a tremendous tax benefit and also the ability to get back the space it is taking today. Many of these charities actually will use the cars for their own transportation to help them all operate their particular organization, while others merely sell them to help boost funds.
A few of these programs you might find are in fact not charities at all, but are actually salvage companies that are granted permission by the charity to use their own name. In exchange, the salvage company agrees to pay the charity a certain dollar amount on each vehicle donated. To be sure that the charity is genuine, learn what they plan to do with your car. Will they be employing a broker to take care of the sales transaction? Additionally, ask how much from the sale price the charity will keep for itself. By knowing exactly how much they will keep, you can find out how much goes toward the charitable cause you intend to help. Typically, a charity keeps much less of their selling price if they depend on a percentage rather than a set dollar amount. Definitely think about the benefits that are involved. You may benefit financially and also help those in need.

Monday, August 27, 2012

There Are Many Good Reasons to Donate Your Car to Charity


If you have an older car you are not sure what to do with, there are as many reasons to donate your car to charity as there are charities that accept them. The good news is that most charities have very few restrictions on the type of vehicles they take. In general, they require proof of ownership and ask that no major parts be removed from it and it be parked where the tow truck can get to it.
No matter what type of charity you are interested in helping, you will find one that will gratefully accept your car donation. Are you concerned about those who are victims of natural disasters or poverty in places like Haiti, Latin America, Africa, etc.? If so, you can donate your car to a number of charities that provide food, shelter, medicine and education in these locations.
If you or a loved one has suffered with cancer, there are many cancer charities you can donate your car to. They range from those that provide funding for cancer research and prevention to those that help cancer victims navigate through the various treatment options available to them to those charities that specialize on certain cancers such as breast cancer, brain tumors, skin cancer, ovarian cancer, etc.
If your interest lies in supporting research, prevention or services into a particular disease, illness or injury the chances are good that there is a charity that can help in that area that will accept your car donation. There are hundreds of charities that use the proceeds from donated vehicles to fund research, prevention programs and other services for those with blindness, AIDS, developmental disabilities, autoimmune diseases, diabetes, Alzheimer's, brain tumors, autism, heart disease, asthma, mental illness, spinal injuries, kidney disease, alcoholism and drug dependence, etc.
If you are more inspired to assist the needy in your own community you can donate your car to your local food bank, homeless shelter or soup kitchen. You may also wish to consider your local shelter for abused women and children, agency for victims of crime or violence, violence prevention programs or programs to prevent child abuse.
There are also many youth oriented charities you can help with your car donation. These charities provide services for newborns, education and reading services to low income and disadvantaged children, character building, after school activities, etc.
If the arts are more your passion, there are many museums, science and history centers, theatres, galleries, symphonies, etc. that will gladly accept your car donation.
If you would prefer to help animals that are many charities in that area you can donate your car to. They include shelters, zoos, wildlife refuges and rescue centers for dogs, horses, etc.
You can even donate your car to one of the many charities that provide support to seniors and their families suffering with Alzheimer's disease or dementia or who are in need of hospice services.
No matter where you particular passion lies, there is a charity that will be more than happy to take your car donation, sell it and use the proceeds to further their mission. In return for your generosity, you will receive a valuable tax deduction. Thus, you save money by helping the charity raise money.

Sunday, August 26, 2012

Car Donations - A Big Help to Charities and a Help to You Too


What do you do when you've bought a new car and want to get rid of the old? Some people try to sell it privately. More people than ever are opting do donate. Donating a used car to a charity can help a charity significantly but it can also help you too.
How does a donating your old car help you?
It can be a daunting task to sell an older car. Not only do you have to respond to queries and deal with time wasters but not everyone enjoys the haggling that goes along with someone trying to "wheel and deal" with you. Besides, the longer the old car sits on your property, the faster it's going to depreciate in value (as well as being in your way!). We all know that trade in values are minuscule from car dealerships, especially in the current economy!
Car donations help you unload that old car quickly and easily with benefits to a charity and to you. It can definitely help you at tax time! When you donate a car you can get a tax receipt for a value that might even be greater than the amount of money you'd sell the car for. It's typically much higher than scrap value so even a car that's not in very good shape can fetch a donation receipt that can help you at tax time. When you add up the time and hassle savings with the benefit of an IRS tax receipt, this could be a great idea.
Not only will you help yourself when you donate a car to charity at tax time but you're doing something fantastic for that charity. Charitable organizations can use your donation several ways including:
- Selling the used car at auction
- Donating the used car to an individual or family who's life would be enhanced by having transportation
- Sending the car to an automotive school where people can be trained and gain skills to get jobs and then the car can be sold for a profit to that charitable organization
- The car parts from a used car could be marketed individually to benefit the charity as well.
How do you donate your car to charity?
There are charities that accept used vehicles donated to them directly but due to the logistics of getting the vehicle, managing the transfer of ownership, handling the receipt, and other such administrative tasks, a lot of charities look to an organization that will manage this process from start to finish for them. The management does include a fee but is typically much lower than the cost of the administrative tasks associated with the charity doing this themselves. The person who donates does not have to pay a fee and any fees do not come out of your amount on your tax receipt!
By finding a vehicle donation center to deal with, you can make the donation process simple. With a quick call or e-mail you can arrange to get an evaluation of your vehicle, arrange pick up and get your IRS tax receipt. Some car donation centers even provide a list of supported charities so you can decide who will benefit from your generosity as well.

Saturday, August 25, 2012

How To Get A Tax Deduction On Your Automobile Donation


Selling a vehicle or doing away with an undesired auto is a hassle. If you decide to sell, you should make the car sale-worthy or risk action from an unhappy customer. The price of fixing a car is often not well worth the small amount of gain. Dealer trade-ins are not always a good choice either, and also the fair market tax deduction you simply might find that the greatest benefit comes from donating an automobile to charity. Donate your automobile or vehicle and save the anxiety, tension, time, and funds involved, while reaping some important personal rewards as well.
However, to make sure that your engagement will be dealt with correctly as well as remain eligible for a deduction you must keep in mind of the following things: Initially you have to check up on the charitable organization first and see if the particular charity is an IRS-approved 501(c)(3) organization. Otherwise, your deduction may be disqualified. Authorized charities are usually listed in IRS Publication 78, (which is accessible from the IRS site) your church, synagogue, mosque, or temple might not be listed yet still qualify. Next, see how much of your donation goes to the charity. A 2003 survey by the Government Accountability Office found out that non profit organizations often got as low as 5 percent of a contributed car's claimed value after processing as well as fundraising expenses. Therefore ask the charity's development office what portion of the sale price the charitable organization will receive. And lastly, consult the Better Business Bureau's National Charity Reports Index, that rates non profit organizations on 20 accountability standards. Another nonprofit watchdog is Charity Navigator. It reports what share of a group's donation really would go to good works.
To back up your deduction, make sure you have the name as well as address of the charity, the date of the donation, the actual place in which you donated the vehicle, a description of the vehicle, and a written acknowledgement from your charitable organization. Always keep a duplicate of the title transfer. Report the actual transfer in your state motor vehicle department, and also cancel your car insurance. Remove license plates-unless state law claims otherwise-as well as registration and inspection stickers.
In case you followed those things your vehicle donation will qualify you (in almost every case) to have a Fair Market Value Tax Deduction in your next tax return. We have a deep knowledge of the tax regulations and understand how to manage your automobile donation to get you the greatest tax break, which means that your own generosity and convenience would really put cash back in your pocket next year!
We have managed to make it simple for you to donate your car and revel in these benefits. A car donation can get you on your journey to tax savings, and great personal satisfaction. You won't need to pay attention to a timeshare sales agent, you won't have to deal with fixing and selling your vehicle, and you'll have all you need for the IRS!

Friday, August 24, 2012

How to Claim Car Donation Deduction


A used automobile donation to a certified charity may be used to cut back your taxes. However, it is important to the actual Internal Revenue Service’s guidelines for donating used cars so as to receive the right benefit to your donation.
Depending the particular amount of your claim, you might need special forms or records to be able to qualify to get a deduction. According for the IRS, when you claim a deduction of at least $250 not really in excess of $500 for the car or truck donation, a written receipt from the charity is needed. You should have received the receipt in the use of the donation. The receipt should range from the name of the non-profit organization, an account on the donated vehicle and an announcement confirming perhaps the non-profit organization gave any services or goods in exchange for any donated vehicle. This statement doesn't need to be attached to the return, however ought to be kept on your records.
For charity cars over $500, donors will require to provide the IRS with a copy B of Form 1098-C, section A of Form 8283 as well as the following information should be in order to the return: “A written acknowledgment from the charity involves a message and taxpayer identification number, the vehicle identification number, the donation date, and a statement of whether or not the charity provided any goods or services in turn for the car and, if that's the case, a description and estimate from the fair market associated with the services or goods.” Donors who donate automobile in Florida or some other state may even need to avoid wasting written evidence of the vehicle donation and also the fair market value of the auto.
For deductions in excess of than $5,000, donors need the things in the above list for deductions of more than $500 effectively as Section B of Form 8283 and an itemized statement by a qualified appraiser.
When you donate your automobile to charity, the charity must offer you an itemized acknowledgment of your respective contribution. The acknowledgment must are the name from the charity, an account of the car and a statement of one of the following:
* A statement that no services or goods were made available to you in return in your donation
* A description and value any kind of services or goods had been presented to you in turn in your donation
* A statement that this goods or services presented to you consisted entirely of intangible religious benefits
Further documentation and filing requirements may pertain to claiming a deduction to your car donation. If your contribution may be valued at in excess of $500, you might need to check along with your accountant to see the easiest way for you to contribute your car to charity.

Thursday, August 23, 2012

Knowing About the Car Donation Tax Deduction


There are charitable organizations that help the poor and the less fortunate. And these kind of organizations rely mainly on donations and whatever cash and resources that they can raise through various activities. They accept donations, whether in cash or kind, and even car donations.
The practice of donating vehicles like cars to charities is not a new practice. But it was only recently with the new enacted tax laws that the law became clear on how one can avail of car donation tax deduction.
So if you have an old car and you are planning to buy a new one and you want to free up the garage space, you could donate it to charity and avoid all the hassle. Look for a charitable organization that is eligible to accept donations so that you can avail a car donation tax deduction.
By donating your car to charity, you can avail of a tax write-off and you can also help the charity's charitable activities in the process. With a single act, you can do something good for your less fortunate fellowmen and you can gain something for yourself in return, aside from the good feeling of having done something good.
And when really decided on donating a car to a charitable organization, one must make sure that the organization is eligible to accept such a donation. One can only avail of a tax deduction if one donates it in the proper way and observes the procedures specified by the law.
Donation donors can get the necessary documents from the IRS and can help them determine the eligibility of the target charity and the eligibility of a donor to avail of tax deduction. If a charity is not eligible to accept donations like cars and other vehicles, a donor will not be able to avail of a tax deduction.
And for one to avail of a donation tax deduction, there is some paper work that needs to be done. There are charities that help with the whole procedure especially by processing the car donations made to them and give their donors tax deductible receipts.
A written acknowledgment from the charity is then needed to be filed together with the donor's tax returns for one to avail of the car donation tax deductions. And it is highly recommended that one keep pictures and all the necessary documents handy in case questions or problems may arise in the future.

Wednesday, August 22, 2012

Donate A Car For Tax Deduction Purposes


Many reasons exist to donate a car to charity. For starters, it's an easy and practical method to remove a motor vehicle which may be at the end of its practical life. More to the point, though, this really is a great way to assist an organization that relies on charitable contributions to stay performing. Once you contribute an automobile to these men and women or organizations, you can also make an incredible difference for many people in need of assistance.
You have to notice, though, that you also get the chance to gain financially by donating your vehicle. Loads of cars and trucks that get contributed are rundown and will call for plenty of effort to keep all of them on the streets. Typically, the owner would likely struggle to obtain very much for these kind of vehicles whenever they sold them or attempted to exchange them in. On the other hand, they may get a good tax deduction.
The US government facilitates tax payers to use a deduction after they give away an automobile. These types of charitable contributions have got to comply with particular guidelines, but when a vehicle has been utilized so much that it would not draw very much hard cash value, this can be a wonderful means for the manager to get rid of the automobile and still gain on a financial basis.
The principles encircling a motor vehicle donation tax deduction are not extremely challenging, but they do define precisely how much the owner will be able to subtract from her or his taxes. In the past years, tax payers ended up deducting a larger amount of money than the car or truck ended up being in fact worth, or actually offered for sale for. At present there are particular rules about the sum that may be deduced as well as exactly what records have to be included to verify the donation.
If you wish to take a tax deduction if you offer a car, it is possible to theoretically make your donation up to the last day of the year, but that does not indicate you ought to waste time that prolonged. It could take a little while to have everything together, and you don't want to miss out on a considerable deduction due to the fact you could not find the sales receipt for the sale in time.
A lot of people propose giving during the summer time months. This is a convenient time for you to give away your car for a couple of good reasons. First, the weather is better and also the days are lengthier, and it is then less complicated to get the car or truck ready to go. Second, it is possible to avoid the holiday rush, whenever dozens of other tax payers are trying to generate their own very last minute donations and holding all of the tow vehicles busy.
A vehicle donation is actually a terrific way to get the old clunker off course and aid a charitable organization that relies on the kindness of people. Always make an effort to find the charities which help the problems that matter to you so that you can ensure that your side of the bargain is setting up a legitimate change.
One more reason to check closely on the charitable organization, though, is to ensure that they've 501(c)(3) public charity status. When the institution don't even have this position, then it is far from a valid place to give your car and you'll not be able to take a tax break for the attempts. If you take the time and do your homework, you can easily find the appropriate location and time for you to help make your own donation matter.

Tuesday, August 21, 2012

The ABCs of Car Donation - K Is for Knowledge


Knowledge is power even when it comes to car donation. The more knowledge you have about the car donation process, the better decision you will make about whether to donate your car and what charity to donate the car to.
The answer to the question of whether to donate your car is determined by your motivation for donating it. If your motivation is simply to help the charity, the answer is of course; donate car.
If your motivation is get a tax deduction you will need to gain some knowledge about what the tax deduction is and if will you be able to claim it. To claim the tax deduction, you will need to itemize on your Federal tax return. That means you will have to file Schedule A. Your actual benefit from your car donation is determined by the tax bracket you are in. For example, if you are in the 35% tax bracket, your actual benefit is 35% of the amount you claim for your car donation.
There are several things that will determine which charity you donate car to. One of them is the mission of the charity. There are a very wide variety of charities that accept vehicle donations. They include international and national charities as well as state, regional and local ones. Their missions range from conducting research on many diseases and afflictions, to helping those who are afflicted, to animal rights issues, to environmental issues, to programs for young people, to care for the elderly, disabled, injured or abused, to local food banks, homeless shelters, hospices, etc.
Once you determine the mission you wish to support, you will want to obtain some knowledge of their efficiency, effectiveness, reputation, etc. There are a number of ways to can check them out. Some of the places you can check are Charity Navigators, the Institute of Philanthropy, GuideStar, etc. If the charity you are checking on does not have a good rating, those guides will show you alternative ones.
Once you have narrowed down you choices, you will need to gain some knowledge about their car donation process. One thing you will want to know is whether they handle donations themselves or use the services of a car donation center. Many use a car donation center. One reason they do is because the vast majority of donated cars are sold. There is a certain level of expertise required in operating a car donation program. It requires the knowledge of the rules and regulations involved in the sale of vehicles, the transfer of titles, what to do with the license plates, etc. These rules and regulations vary by state. Many charities prefer not to use their resources for this and often find it to be more cost effective to use a car donation center.
Next, you will want to gain some knowledge regarding the qualifications the charity has for accepting a vehicle. Many prefer to only accept those cars that run and are less than ten years old. Other charities accept vehicles in virtually any condition as long as they have not been stripped of their parts and are in a location from where they can be towed.
The more knowledge you have regarding the intricacies of car donations, the more you will know whether and where to donate your car.

Monday, August 20, 2012

Donate Your Car to Charity - What, Why, Where, and How To


Donating your car to charity is probably the most unique and straightforward ways of giving back to your local community. In case you have a car which has not been in operation for a while, why not donating it for a good cause? Following is our suggestion for the what, why, where, and how to donate your unused vehicle.
What Do You Want To Donate?
You should not have any problem donating any types of vehicles: SUVs, trucks, RVs, boats, passenger cars, even junk cars... All you have to do is to have the vehicle's title to prove your ownership.
Why Do You Want To Donate?
Probably the first question comes to your mind when planning to donate your car to charity is why. There're lots of reasons that one can think of. The most obvious one is to assist humanitarian goals. They include anything from helping out the disabled, the orphans, the emergency relief... to assisting services that provide education and/or meal programs to the less fortunate.
Where Do You Donate?
Exist in almost all of the major cities in the U.S. are some types of car donation programs which you can give your vehicle to. The best thing to do is go online and type in "donate car to charity" followed by the city name, e.g. "donate car to charity miami". This will give you a list of the local charity organizations you can work with.
How Do You Donate?
First thing to do is to use the technique in the above section "Where Do You Donate" to locate a program you want to work with. The next step is to find out the value of the car you plan to give away. This can be done easily by using the online version of the Kelly Blue Book at http://www.kbb.com. Keep in mind that you may not be able to deduct the full price which the organization receives when the vehicle is sold.
All charity services require some type of paperwork. You have to complete the form they send you before the vehicle is picked up. Finally don't forget to clean your car and empty all possessions.

Sunday, August 19, 2012

Goodwill Donations and Your Taxes


"Will I be eligible for a tax deduction for my Goodwill donations, particularly my vehicle donations?"
This concern is probably one of the most frequently asked questions received at charities with a car donation program.  And it's no wonder -- the IRS laws surrounding car donation tax deductions can be more than a little confusing.   Follow the guidelines below to get the most out of your vehicle donation tax deduction.
First, always make sure that the organization you choose is an eligible institution.  One easy way to verify the charity is to check that they have the 501(c)(3) classification. If you're still not sure whether they are legitimate, try looking on the IRS website.  There you will find many more resources to confirm that they are a true non-profit establishment.
Second, in order to be given a tax deduction for your vehicle donation, you must itemize your deductions on your taxes.  All this means is that you must list your deductions out, in detail, on the proper IRS form.  Not sure what types of things constitute as deductions?  Refer to your local tax advisor and they can give you information on exactly what to itemize.  If you do not itemize your deductions, unfortunately you cannot receive a tax deduction.  However, you can still donate your car and take advantage of the free towing and good feeling helping those in need produces.
Third, stay on top of the changes in the tax laws.  Beginning January 1, 2005, new laws surrounding car donation tax deductions went into place to streamline the tax process.  Ultimately, these new policies give the donor two options based on what the car sells for at the public charity auction.
The first option is if your vehicle sells for $500 or less at the auction.  In this case, you may write-off the fair market value of the vehicle up to $500 without further documentation on your taxes.  It is up to you to determine the fair market value of the vehicle.  When you get your car donation receipt in the mail from the charity, you will not need to submit it with your tax return.
The second option requires a bit more paperwork.  Here, if your donated vehicle sells for over $500, you may write-off the fair market value up to the price the vehicle sold for.  For example, if the car sold for $950, you may write-off that amount.  However, if the vehicle sells for over $500, you will receive a 1098c form in the mail from the charity and you must include that with your other paperwork at tax time to get the tax deduction.

Saturday, August 18, 2012

The Benefits of Automobile Donation for Charity


A friend approached me and asked, "What is it about car donation that's so great?"
My only response to that was, "What ISN'T great about car donation?"
Although there are many ways to help people, automobile donation is one of the easiest, and most effective ways to help. Think about all the junk cars you've had in your life time, and how you just let them go to a scrap yard. Think about the junk car donation you could have made to charity. It would have been the same for you. The car would go away. But if you had made the choice of vehicle donation, than you could have helped countless people, with no extra effort on your part.
Automobile donation is becoming one of the greatest movements in charity. Not only does it benefit the greater good, but its recycling, and because of that, it's the green thing to do. Stop letting your junk car be just that. Turn it into something that's beneficial for the world. Turn it into a junk car donation, and you will feel great about it. Also, car donation is considered a charitable donation on your tax returns. So, there is truly no downside to it.
It may not feel like your doing much for charity when you donate a car. But think about this. The proceeds that are made from the auction of your car, are given straight to a charity of your choice. This means a couple of things. First off, your simple auto donation helps ANY charity that you choose. This means you're helping a cause that you actually believe in. You can donate it to a large charity, or a local animal shelter. Whatever you believe in. This means the power is in your hands. Your turning an automobile donation into hope for whatever it is you want to benefit.
More than just cars can be donated. Auto donation of all kinds is accepted. Car donation, boat donation and motorcycle donation is just the tip of the charitable iceberg.
Here are the top 5 reasons to make an automobile donation:
1. A car donation can make a huge difference to an automobile donation charity that helps in your community ( cars for kids, cars for vets, cars for cancer, etc. )
2. Donating a vehicle insures an auto donation tax write off!
3. It's Free! Most auto donation companies offer free towing and vehicle processing.
4. A vehicle donation can quickly remove a safety hazard from your property and beautify your neighborhood.
5. Donating a car that you don't use or that is taking up space will give you a sense of accomplishment and improve your community!
So please, really consider automobile donation as a great option for you to help yourself, and to help the world.

Friday, August 17, 2012

The National Kidney Foundation Car Donation Program


The National Kidney Foundation's Kidney Cars Program allows you to get two important benefits for your generosity that you can't get from a car dealer:
You get the satisfaction and good feeling that comes from helping people in your own town, and you may even get a tax deduction.
A National Kidney Foundation car donation is better than most other charities because over 80 cents out of each dollar goes to desperately needed programs and services including:
a. Kidney disease research.
b. Ongoing education programs for doctors and other health care professionals to ensure they stay abreast of the latest advancements in kidney disease related medicine.
c. Screenings for early detection of kidney disease and support for patients and their families.
d. Public education to raise awareness of the desperate need for kidney donors and for early detection of the ailment.
e. Patient advocacy programs to address patients' needs through legislation.
How must I prepare the vehicle, and will they accept any vehicle - regardless of condition?
- Has to be whole; no parts.
- You must disclose any structural damage.
- The general condition and mileage should be known.
- Write down the year, make, & model, as well as the VIN#.
- Have the title to the vehicle (with no money owed on the vehicle).
What is the best way to make my vehicle donation?
Simply call a National Kidney Foundation representative who will ask you some questions. The other way is to fill out the online form. In either case you will receive a packet in the mail with the details of what to do next. They will have to get your completed packet back before anything else can be done.
You will then receive a letter that acknowledges your intent to make a charity car donation. This letter will include the vehicle info, including your car donation tax deduction documentation.
Make a kidney car donation this year. Your generosity and kindness is desperately needed and will be appreciated. You may already be aware of that kidney disease is a major health problem today. Over 355,000 Americans rely on a dialysis machine to keep them alive. And nearly 78,000 people are waiting for a lifesaving kidney transplant.
Research indicates that kidney disease is on the rise and close to 26 million Americans have CKD (chronic kidney disease). Early detection is the best way to treat this disease, but unfortunately, symptoms often don't appear until your kidneys are failing.

Thursday, August 16, 2012

Car Donation: A Simple Gesture of Kindness


Donations always help people in need and assist them in improving their quality of life. So, the non-profit organizations all across the world request people to donate their unwanted items, like clothing, books, accessories and even vehicles. Many-a-times people are not ready to part with their hard earned money or cite time issues as the reason for their not taking part in charitable works. This is the reason why charitable institutes have started accepting used items and belongings that they place to good use. For instance, they donate the used clothing or blankets to poor and needy people or distribute the used toys to poor children. Car donation has also become popular these days and people can easily contribute towards the betterment of society by donating their junk or old vehicles.
Old vehicles that require frequent maintenance or demand spending good amount of money in part replacements are of no use to you. Instead of spending money in replacing their parts or sending the vehicle for repairs, you can easily add on some more money and buy a new car. When you plan to buy a new car you also have to think of ways to dispose of your old one. You cannot keep the old or junk car in your garage for long. It will unnecessarily occupy the garage space and will attract harmful flies and animals. So, you have to either sell your old car or donate it. When you think of selling the car, you are immediately filled with anxiety. The work actually requires devoting time as you will have to first advertise about your old car and then talk to prospective buyers. The process of selling old car is definitely time-taking and irritating and you will end up being annoyed.
So, you can choose the other alternative of disposing your old or junk vehicle; i.e. donate car. You know that as you have used the car for several years and the condition of the car is also not good, it will not fetch good amount of money. Through donating your car, you can become a part of the humanitarian society that thinks about the betterment of poor people, apart from their self-development. The contentment and happiness that you will receive will be unmatched. The smiles which you will add on to other people lives through car donation will also reflect in your face and you will find it worth being a human!

Wednesday, August 15, 2012

Goodwill Car Donations - Getting a Tax Break Doing a Good Thing


Buying any new automobile is a fun part of life. Even if you are buying a previously used model - it's still new to you. You get to finally get out of your older car and get one that is newer, shinier or more dependable. However, that brings about a problem: Now you have to decide what to do with your old car or truck.
Have you considered a goodwill car donation? If your vehicle is old, you aren't likely to get much for it on a trade-in anyway - even though most car dealers will fool you into thinking that you will. If you don't trade it in, you have 3 further options:
1. Attempt to sell it by yourself. The drawback to this is now you need to get it working and or looking good. And regardless of how much trouble this may or may not be, now you must advertise as well as go through the hassle of actually selling it.
2. Keep it for an extra vehicle for those times when you may need it. But now you'll need to pay for the extra insurance coverage along with maintenance, licenses and fees every year. These expenses are now "extra," because now you have to also pay for your new vehicle at the same time.
3. The third alternative would be to give your car to a charitable organization! A goodwill auto donation is actually a great way to make space for your new vehicle while doing something good for folks less fortunate than you.
Let's answer a few questions you probably have regarding donating your car to a charity:
Q: Will my vehicle need to be operating as well as in good condition to be donated?
There are going to be some charities that need your car or truck to be in running condition when it is donated. Typically this is because they intend to provide the car to some family in need. But in most cases, they do not care if the car is running or if it is a heap of junk sitting in your front yard rusting away; they'll have it towed and sell it to a salvage yard.
The cars and trucks that require minimal repairs may get restored and then sold or offered to households in need of assistance.
Q: Is it better to sell my old car - from a personal financial standpoint - or are car donations more beneficial to me?
This can be a tricky question. Naturally it is better for both the charity and people that may benefit from your car through the charity, if you can afford to donate your car or truck. Many people, however, need the money that their car might provide them from a trade-in, and others simply want the money - even if they don't really need it.
A good guideline is to find the Kelly Blue Book value of your car or truck. If it's lower than a thousand dollars, you should not waste your time trading it in or selling it. Because it will mean a great deal more to some charity compared to the tiny amount of money you could potentially receive.
One suggestion maybe you have not considered: Sell your used car and split the money with your charity. This would be perfect if your selected charity does not take vehicle donations, because ALL charities can use cash.
Q: Are there different goods I could contribute aside from vehicles?
Almost everything which has value or can be sold for almost any amount of money, will be accepted by most charities. Lawn mowers, ATVs (all terrain vehicles) watercraft, airplanes - there's a charitable organization which will take them. And they understand how to squeeze as much money from them for their charitable causes as possible.
Some non profit organizations, like the Salvation Army, will accept clothing, household furniture, books - anything that you might find in a yardsale. But needless to say, you can always donate money. This eliminates all the charities' complications associated with trying to transform old yard sale junk into money.
Q: Where can I find out more information regarding goodwill auto donations?
There are a number of established car donation charities that are not only legitimate, but make it simple for you to donate your old car or truck. You can call 1-800-Charity-Cars to find neighborhood charities in your town that take old cars. You could also search the web. There are tons of web sites dedicated to vehicle donations.
Several online vehicle donation web sites offer you bonuses for your donation, such as Disney Park passes. This is in addition to the standard tax breaks which you are eligible for. A goodwill automobile donation will get your old auto into the hands of someone who is genuinely in need of assistance. So go ahead and do the right thing: Help somebody less fortunate than yourself while getting a tax deduction - and getting rid of that old vehicle!

Tuesday, August 14, 2012

How To Donate Your Car To Charity


The car donation process is one that many go through each and every year in order to get rid of vehicles that are no longer wanted or needed. Not only is it beneficial from a tax standpoint, but it also helps you avoid the painstaking task of having to sell your vehicle privately.
Deciding If Donating Your Car Is The Right Thing To Do
One of the first things that comes to mind when contemplating a car donation is whether or not it is the right thing to do. You may be torn between the ideas of donating your vehicle, selling it on your own, or keeping it for good measure. There are some things that you can consider when deciding if a donation is right for you.
One thing that you can take into account is whether or not you want to make money on the sale of your vehicle. If you think you can sell your car or truck on your own and really could use the money, then a donation probably isn't the best route. You won't be receiving payment for your vehicle at the time of donation, and the only payment you will receive will be in the form of a car donation tax deduction.
You might also consider whether or not your vehicle is even worth selling. Donating it may be more beneficial from the standpoint that the time and effort spent trying to sell the vehicle is more valuable than the money received as a result of the sale.
Donating your vehicle might provide other types of rewards that hold a higher value than any amount of money received from a sale. There are car donation charities that take vehicles on donation for things like sickness and disease research funding, public education on health matters, and more. If you are passionate about these things, then donating your car would hold more significance than simply selling it outright.
Does Your Vehicle Meet The Requirements (If There Are Any)
Once you have decided that donating a car is the right thing to do, then you'll want to determine if your vehicle qualifies for the donation program that you wish to submit it to. Some charities set standards for the vehicles that they take, and there are some that do not have any requirements in place for the vehicles they accept into their donation programs. Inspect the condition of your vehicle to ensure that all program requirements are met.
Preparing For The Donation
Depending on which car donation program you choose, there may be some preparation tasks that need to be taken care of. In some instances you are required to gather information about your vehicle such as the make, model, year, VIN, mileage, and title. In order to prevent delays in the donation process, make sure that you have all necessary paperwork required as outlined in the program details.
Making The Call
Once you have located your donation program of choice, have completed any donation requirements, and have gathered all necessary paperwork and information about your vehicle, all that there is left to do is make the call to arrange your donation. You will find that almost all donation agencies or charities are very accommodating during this process. Once you make the call a shipment for your vehicle will be arranged and your vehicle will be picked up at no cost to you. When the donation process is complete you will be given all relevant paperwork that is needed in order to claim your tax deduction at the end of the year.

Monday, August 13, 2012

A Car For Donation - The Least You Can Do


Charity organizations say that the donations they're receiving are in decline just as the need for their services are on the rise to what may be the greatest level of our lifetimes.
In this economy, many of us are in little position to help. But there is at least one thing that many of us can do. Most of us will eventually need to replace our cars, and when that time comes, we can offer our old car as a donation to charity.
Plenty of people are already offering their car for donation. There were 311,451 donations of vehicles in 2005 worth an average of $1,508 each, according to the IRS.
Offering a car for donation is usually a pretty easy thing to do. Most of the programs that handle car donations will tow your car away for free. In general, they will accept cars that aren't running or that can't pass state emission standards.
There is a tax deduction available for offering your car for donation. If you've done this before, though, you should be aware that the tax rules now aren't as generous as they have been in the past.
Prior to 2005, the available tax deduction was equal to the fair market value of the car offered for donation.
Now, you are usually only able to deduct the fair market value if the car is worth less than $500.
A charity or the company that runs its car donation program will often resell the cars they receive. Under current tax law, you can only deduct an amount equal to the resale price, unless the car is worth less than $500.
Be sure that your charity provides you with written documentation of the sale. Charities are required to provide documentation within 30 days.
A couple of other things to be aware of if you offer your car for donation:
In most states, it's the donor's responsibility to notify their state's department of motor vehicles of the change in registration after donating their car. Don't forget to do this. If you fail to notify the DMV of the change in ownership, you could be charged for parking tickets and other penalties for violations committed by your car's next owner.
Also, in deciding what charity to donate to, you may want to ask some questions about their vehicle-donation programs. The California Attorney General's Office found in a 2005 that in 2004, less than half of the proceeds raised through charitable donations of vehicles in California ended up going to charities. The rest went to the commercial fundraisers that charities contracted with to manage their vehicle donation programs.

Sunday, August 12, 2012

Car Donation Companies


Car donation involves collecting old cars from donors and donating them to charity institutions that need donations. Car donation companies are basically intermediaries or links between the donors and the people who are ultimately benefited due to these donations. They help in funding public charities. Certain companies help even those organizations, which do not have their own charity programs. The car donation companies can auction the donated car in the market and the money so collected is handed over to charities or the car can be used by the charity organization. Either way the main objective of these companies is to facilitate development programs to meet all material and spiritual needs of the underprivileged.
There are a number of companies worldwide which help a donor donate his car with the least amount of trouble. The donor can either call these organizations on their toll free number or he can donate by filling an online application form. American Red Cross of Central New Jersey is one such car donation company. Charity Auto Donations and The New Community Corporation are other such car donation companies. The donor is relieved of all the difficulties that come along with donation. The car donation company arranges for the pick up of the donated car. It is towed away free of charge by a reliable and licensed towing company. This is done at a time and place convenient to the donor. Some companies arrange for towing even if the donor is in another state. The title to the car is required when donating but if it is not available, the company again makes some arrangement for this. Companies also help in estimating the value of the car after all the necessary information is furnished to them regarding the condition, make, and mileage of the car.
Car donation companies assist the donors with all the paper work involved in the donation. Donation of an old undrivable car is a hassle free solution to get rid of the car and at the same time do some good by helping someone.

Saturday, August 11, 2012

To Sell Or Donate, That is the Question!


Consider donating your car to charity over selling it. There are several reasons to do this and depending on your circumstances you can decide which avenue is right for you. Many charities accept all vehicle donations, whether running or not, including: cars, boats, trucks, RVs and more. So your car doesn't even need to be functional to have someone haul it away for you! However, if you want hard cash instead of a tax deduction than this isn't the angle for you.
When you submit your car for donation you help out others, which is a great and easy way to provide service. Some organizations have special needs people that restore and provide maintenance on vehicles and this gives them a way to learn a trade while being functional in society. A good question is, "if I donate my car how much can I get as a tax deduction"?
A car donation to charity can be a great way to get a deduction on your taxes. Thanks to new tax law that went into effect in January 2005, the IRS has taken the guesswork out of determining the value of your car.
As of January 2005, you may deduct the full price the organization receives for the sale of your car. This greatly simplifies the process for you, the donor, because you no longer have to research and come up with an estimate of the fair market value of the car or other vehicle.
This also eliminates the risk of you 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. This saves you both time and risk.
The IRS allows you, the taxpayer, to claim a tax deduction of: 
  • The value of your vehicle up to $500 or
  • If it sells for more than $500, you will receive a notification stating the exact amount for which it sold, which is the value you state for your tax purposes.
  • Fair market value in some cases for certain vehicles. For example, late model cars or vans that end up being used to further the work of our charity OR vehicles on which they make a significant material improvement such as a major repair, before selling it.
In any case, you will receive a receipt at the time that your vehicle is picked up.
Assuming that they sell your vehicle for more than $500, they will then mail you a notification stating that value for your tax purposes. So for any vehicle sold for more than $500, the exact amount it is sold for will be stated on your notification mailed to you, which in turn will be your tax deduction.
Organizations such as Donate Car for Charity provide fast and free pickups of your car donation nationwide. There is never any cost to you, the donor. You can also find information to market your car for sell on various sites if donation doesn't work for you.
Again, you need to choose which alternative is best for you. However, donation of your vehicle gives you money on the back end in the form of a tax deduction and provides a great service.

Friday, August 10, 2012

Where to Donate Your Car - Best Car Donation Tax Deduction Tips


If you have a car that you think would give you a good tax write off you may be wondering where to donate your car. You can deduct up to $500 according to the newest tax law. Check with your tax accountant or CPA to see if this has changed if you decide to go ahead. First of all you want to make sure you have a car that can be donated.
There are a few ways to determine that. In general your vehicle must be drivable. If not drivable and just needs minor repairs it may still qualify depending on the car donation charity. The condition of the car makes a lot of difference.
Vehicles that can be donated include, cars, trucks, RVs, boats, motorcycles, ATVs, airplanes, etc. Just about any vehicle can qualify for donation. Charities will need to be able to put your car on their own car sales lot or the car sale lot of a car donation charity broker that they hire.
Once you determine that your car, truck or other vehicle. is in good enough condition to be donatable you'll want to think about where you can donate it that will be best for you,
There are dozens of car donation programs advertising on the Internet. And of course you'll find them advertising in your local papers. But the thing to know is that many local and national charities hire car donation brokers to handle their donations. These companies take a big chunk of the profit. You want to be aware of this, because the charity won't be getting all of the profit, if that's important to you. You may just be more interested in getting the tax donation deduction.
The best way to avoid the large brokers is to find out what local organizations are accepting car donations. You can watch for advertisements or even call charities you think have these programs. You want to ask them if they handle the sales of your car in-house or if they farm it out to a company that does that for them.
Many charities choose to keep some vehicles to help transport patients, clients or goods. Or they may decide to give a vehicle to a disabled or needy client. If any of this matters to you check this out with the charity as to how they'll use the car.
Car donation programs include: Target Car Donation Program, Goodwill Industries Car Donation program, Kidney Foundation, Make A Wish Foundation and many, many others. You'll find a lot of smaller charities too. If you're not familiar with the charity check with the Better Business Bureau to make sure the charity is credible.
If you have favorite charities call them to see if they accept donations. This would be the way to start. Check online to see where to donate your car and what car donation companies are advertising and check out their websites or call them up to find out how to donate your car including all the qualifications for the car and what you need to know. All of these companies will supply you with the proper forms for donation. You'll need to get the income tax forms yourself. You should check with your CPA or accountant to make sure you'll benefit by the donation.

Thursday, August 9, 2012

Donating Vehicle


Why would you want to donate a vehicle to charity? One main reason is that it help the community through the charitable organization it has been given to. But the people most people cited when asked this question is that it allows them to deduct the value from their total income on that year's tax return. Most people only think about donating their cars to these programs but the truth is you can donate any type of vehicle you may own. These include trucks, mobile homes, four wheelers, jet skis, commercial vehicles, construction equipment, motor cycles, boats, buses, or even old military vehicles if you have them!
One argument for vehicle donating is that it will save you time and hassles you might get from selling your car. To sell you will need to put up and ad, answer calls, go on test drives, haggle over price, do a bill of sale, etc, etc. With a charity donation you know what you are going to get, and the process is as simple as making a phone call, signing some documents and turning over your keys when the vehicle is picked up.
In some cases you will also have a bigger financial benefit from donating than you would by selling your car. This is especially true for low value vehicles (anything under $500), or junked cars. Talk to your accountant or tax consultant to get an accurate picture of what the benefits will be from your particular situation.
Now you are probably wondering, "who should I donate my vehicle to?" The answer to that depends on you and what charity you would like to help. Its easy to find charities that accept donations online, find one that suits you.
There are a couple things to make sure of before finalizing your donation. Make sure the charity you are working with is a registered non-profit with the IRS, they should be able to provide you with proof of this. Make sure you clean out your vehicle and remove any personal belongings prior to the donation, as you will not be able to get them back after the car is gone.
Vehicle charity donating is a great chance to help your community and give something back, while receiving a tax incentive. Make sure you do your research prior to deciding on a charity to work with. Best of luck.

Wednesday, August 8, 2012

What You Need to Know about Car Donation


Donating your car to charity is a very generous act that can help many people. If you are considering giving your car away for charitable purposes, you may have some questions about the process and how your donation will benefit individuals in need. The following is a comprehensive list of questions pertaining to the car donation process. It is our hope that the answers will clarify your questions and help you to make the decision to give your old car away to a great cause!
What type of car can I donate?
This is perhaps the most common FAQ about car donation and the answer is: cars, trucks, boats, RV's, motor homes and motorcycles. Every charity has its own rules regarding what vehicles they accept, so as a rule, before choosing a charitable organization, find out what types of cars they accept.
My car failed the emission test, can I still donate it?
Even if your car did not pass the emission test, your donation is still greatly appreciated! Cars can be repaired and if you are generous enough to give your car away to a good cause, most organizations will ensure that it gets properly fixed up!
Do I need any documents to donate my vehicle?
This is a car donation FAQ that is often overlooked by generous individuals who are eager to help someone else. Before donating your car to a charity, you need a clear title for the vehicle. If you cannot find this document, other official DMV paperwork may be accepted, as long as it proves that you are the rightful owner of the car.
Am I required to drop the vehicle off to my chosen charity?
Again, depending on which charity you choose, the procedure for car pickup will vary. Generally, most organizations will tow the car at no cost to you. If this is the protocol, you can expect to get a call from a towing company to arrange a convenient time for pickup. At this time, you will hand over the title and the keys to the car and complete all required paperwork. Of course, if you would like to drop off the car yourself, it will most certainly be appreciated!
What if you do not list my preferred charity?
We have compiled an extensive list of charities in both Canada and the United States, but of course, not all charities are listed here. If, for instance, you would like to donate to a church or another charitable organization that is not on our list, simply contact us and we will gladly make the necessary arrangements so that your car goes to a place you feel comfortable with.
Is my donation tax deductible?
Donations that are made to a not-for-profit organization classified under 501(c)[3] are usually tax deductible. To find out more information about tax deductions, consult an industry professional.
Will I be responsible for paying any fees after donating my car?
The simple answer is NO. Donating a car is a big deal and you will not be asked to pay any fees; your donation is money enough! However, should an "organization" ask you for money, you might want to verify if the charity is actually legitimate.

Tuesday, August 7, 2012

Top 10 FAQs About Car Donation


Have a car donation question?  Look no further.  Below you will find the top 10 frequently asked questions about car donations.
1. What kinds of vehicles can I donate?
We accept car, truck, SUV, van, boat, RV, trailer, pop-up camper, jet ski, motorcycle, and airplane donations.  Want to donate a vehicle you don't see on the list?  Give us a call - we accept almost every vehicle you can think of.
2. Can I still donate my vehicle even if it hasn't run in years?
Yes!  Even if you vehicle stopped running years ago, we will still accept it!  We accept vehicles in all conditions.
3. Can you briefly explain the vehicle donation process?
Sure.  The vehicle donation process is super quick and simple.  You get in contact with us and we ask you a couple questions.  These questions include information like your contact information, the make and model of the vehicle to be donated, and where the car is located.  We do all the rest - from arranging a towing company to pick up our car to delivering you the paperwork used for tax benefit purposes.
4. How do I get my vehicle to you?
You have two options.  If the car is in good running order, you may drive it to our location.  If you would prefer not to drive the vehicle to us, we will arrange for your vehicle to be picked up by a towing company at your convenience, with no cost to you.  The pick-up will occur anytime from 24-72 hours after you have contacted us to donate your vehicle.
5. Is my car donation tax deductable?
Yes, your car donation can be tax deductable.  However, in order to qualify for the tax deduction, you must itemize deductions on your taxes.
6. What paperwork do I need in order to donate my vehicle?
You need the a title of the vehicle.  The title of the vehicle must be clear and in your name in order to donate.
7. What happens to my vehicle after I donate?
The vehicles are brought on location and scheduled to be sold at auction.   After the auction occurs, the money generated from the sale of the vehicle is used to further Goodwill's mission.
8. Why do you ask for a social security number?
It is required by the IRS for tax purposes to legitimize that you indeed donated the vehicle to the specific charity involved.
9. I won't be able to be there when my car is scheduled to get picked up by the towing company.  What should I do about the title and the keys?
No worries.  Just let us know ahead of time if you won't be able to be there when your car is towed and make sure that you leave the title and the car keys in the vehicle.
10. I want to donate!  Where can I get more information?
Fantastic!  For a more detailed account of the car donation process, check out our affiliate links on the top of this page.

Monday, August 6, 2012

Should I Donate My Car?


It's always a great feeling to know that you're helping someone in need. But as good as our intentions may be, our busy lifestyles often make it difficult to find the time to make a difference. Thankfully, there are numerous charities through which we can donate our money, when we can't donate our time.
One of the best ways to benefit your favorite charity these days is through an automobile donation. Car donations can be a great source of much-needed funds for a number of charitable organizations that accept them. And because car donations can count as a tax deduction, you can help the needy and still recoup your investment at tax time.
There is no shortage of charitable organizations benefiting from car donations. Well-known charities such as Habitat For Humanity, the United Breast Cancer Foundation, and USO all receive funds from auto donations. There are also dozens of smaller charities who benefit from this type of donation.
The donation process is fairly simple and straightforward. You'll have to choose a charity whose cause you'd like to benefit. If you're interested in deducting the donation from your taxes, make sure that the charity is classified as a 501(c)(3) organization. There are quite a few organizations to choose from, so narrow down your choices by considering what charitable missions mean the most to you... this way, you're not just randomly donating, the donation actually reflects what you believe in most.
Once you've settled on which lucky organization will receive your car donation, you'll need to contact the organization and go through some simple paperwork. After that, the organization will arrange to have the vehicle picked up over the next few days. These charities are very time efficient in picking up your vehicle, and will often show up for the vehicle in less than 72 hours after your first contact with the organization. You'll get some type of receipt at the time of pickup. In most states, you'll want to make sure that you sign over the title and remove your license plates before the vehicle is carried away. Check with your attorney and local Department of Motor Vehicles for specific requirements in your area.
After this, the charity will likely resell the vehicle and use the funds towards their mission. Make sure they send you the documentation showing what the vehicle sold for, so you can use that as proof of your donation on your tax return.
Car donations can go a long way toward making the world a better place for others. They're a fairly simple, straightforward way to make a large donation towards a worthy cause. You can have the satisfaction of knowing you benefited a charity you believe in, while also looking forward to a great deduction at tax time.