tag:blogger.com,1999:blog-4051165370762718212024-02-19T05:18:54.350-08:00Car Donation ReviewsAnonymoushttp://www.blogger.com/profile/09756861140869322172noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-405116537076271821.post-30617720669476902662013-02-24T19:49:00.001-08:002013-06-25T16:21:13.759-07:00Car Donation Charities<h3>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbsPfsLJmTrB1CmE5hwh4SP0oRdOfyZQrm0ur4t158gJ3wNEZLvE5Jj9Di1BjW8Ju6_8xBHkjgmkYxuKwSrwIsj3-EethlEsRObzOaeMszBiDf_hnbo3TZkDABnYkIrD6it83cL0Xo3U_L/s1600/charities.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Car Donation Charities" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbsPfsLJmTrB1CmE5hwh4SP0oRdOfyZQrm0ur4t158gJ3wNEZLvE5Jj9Di1BjW8Ju6_8xBHkjgmkYxuKwSrwIsj3-EethlEsRObzOaeMszBiDf_hnbo3TZkDABnYkIrD6it83cL0Xo3U_L/s1600/charities.jpg" height="90" title="Car Donation Charities" width="200" /></a></div>
Car donation charities accept donations of your scrap or used
vehicles, and not only does this benefit the charity but it also
benefits you. That is because your car is regarded as a tax-deductible
donation so you can write it off against your taxes when you file.<br />
<br />
You must first ensure that the charity accepting your vehicle is
registered to accept tax deductible contributions, and also make sure
you get a receipt to prove that the donation was made.<br />
<br />
On receiving this proof, you can safely hand over your vehicle and
then claim its value against your next tax return. Make sure that you
have records of the value of the car, because this type of donation
might well result in an IRS inspection to make sure that the value you
are claiming was the true value of your vehicle when it was donated.<br />
<br />
When you donate a car to charity, the cars that are donated can be of
two types: those still in good working order and those useful only for
scrap. Here is how each type of car will benefit both you and the
charity:<br />
<a href="https://www.blogger.com/blogger.g?blogID=405116537076271821" name="scrap"></a><br />
<b>1. Scrap Cars</b><br />
<br />
What benefits do you get by donating a scrap car apart from the warm glow of helping a charity to help others? You get the benefit of having your old vehicle removed free of charge, and also of knowing that it will be put to good use in the recovery of the steel to build new vehicles. The oil is also recycled, and it has been estimated that Car donation charities contribute significantly to over 10 million gallons of oil that is recycled each year by the auto recycling industry.<br />
<br />
You can also claim a sum against tax for the scrap value of the car. Generally, you have no work to do when you offer your car to car donation charities. They arrange the collection of the vehicle, provide you with documentary evidence of the donation for the IRS, and that’s about it! It’s a very simply process, which is why so many individuals and businesses are pleased to use such services.<br />
<br />
Many people are under the mistaken opinion that they get paid when they offer their vehicle for scrap. On the contrary – you generally have to pay the merchant to take it away, and that is why car donation charities are so popular and so successful. They not only save people money in remove their scrap cars free of charge, but they can also make money due to the volume of scrap metal and oil they are handling.<br />
<a href="https://www.blogger.com/blogger.g?blogID=405116537076271821" name="cars"></a><br />
<b>2. Functional Cars</b><br />
Many cars received by car donation charities are in working order, and in this case the donor receives a tax deduction equivalent to the sale price of the car. If the charity decides to use the car for its own use (saving them purchasing a car) then you can claim the estimated value of the car against tax, and the charity benefits by being able to offer a car to their workers at no cost.<br />
<br />
However, if it is sold at auction then you claim the amount for which it was sold. Car donation charities receive amazingly large numbers of cars that are still working, but for which their owners would rather receive the tax benefit by donating it rather than accrue more tax by selling it.<br />
<a href="https://www.blogger.com/blogger.g?blogID=405116537076271821" name="legal"></a><br />
<b>The Legal Aspects</b><br />
<br />
The legal aspects of a persons donation relate to the IRS (who else!). If your car is worth over $500, you must complete Section A of IRS Form 8283. If worth up to $5,000, use one of the recognized books, such as the Kelly Blue book for its market value. For over $5,000. You should get an independent valuation for your car and also complete Section B of Form 8283. Take photographs of the car and retain any receipts you still have relating to parts or tires that have been recently purchased for the car. You can claim for these.<br />
<br />
This all might seem a lot of work, but it is not as difficult as it seems and you are getting two major benefits from it:<br />
<br />
a) You get the warmth in your heart of knowing that you are helping people less fortunate than yourself,<br />
b) You are getting your old car taken away free rather than paying for it, and<br />
c) You are getting a tax deduction for the value of a car that you might otherwise just have let go for scrap, or maybe sold for a lot less than your tax claim might be.<br />
<br />
You can use car donation charities to your benefit if you understand how, and we will show you exactly what you must do to take advantage of each of these benefits. You have surprisingly little to do when you donate a car to charity, because the charities do most of it: they collect your car, dispose of or sell it, and we help you every step of the way to make sure you’re getting the best for you.<br />
<br />
--> <a href="http://cardonationreviewsforyou.blogspot.com/">Back to Home</a>Anonymoushttp://www.blogger.com/profile/09756861140869322172noreply@blogger.comtag:blogger.com,1999:blog-405116537076271821.post-32362721514775682812013-02-24T19:46:00.002-08:002013-06-25T16:20:18.325-07:00Steps to Donate Your Car<h3>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvUf6NJI9tk0yFAO9Fv0VHZ5_4W4ib-bNnouoMbbO4ebCmF43RNONp3fuVAp7g94X_9nu9l9gig-u2Xv-Rg_N4vnZYIpAZKJNnVe8Wm-eXRptPPK1qIKVd_o2LN-p0LY53sdfFDzkgogb4/s1600/stepsto.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Steps to Donate Your Car" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvUf6NJI9tk0yFAO9Fv0VHZ5_4W4ib-bNnouoMbbO4ebCmF43RNONp3fuVAp7g94X_9nu9l9gig-u2Xv-Rg_N4vnZYIpAZKJNnVe8Wm-eXRptPPK1qIKVd_o2LN-p0LY53sdfFDzkgogb4/s1600/stepsto.jpg" title="Steps to Donate Your Car" /></a></div>
We’ve gone over the many ways on how to look for charities when you
want to donate your car, but what we need to work on now are the steps
you should take to make sure it goes extremely smooth for you.<br />
<br />
1. Why are you wanting to donate your car? Is it not running, does it
sit in the driveway and never move, is it an extra car that you don’t
need, will a tax benefit help you more than what the car is doing for
you?<br />
<br />
For most people, when a car has been giving them troubles or it’s
been broken down more than it’s been running, that is sometimes the
first red flag that might make you think it’s time to move onto
something else instead of sinking more and more money into it. You have
to take into consideration that if you do get the car running, was it
really worth it?<br />
<br />
2. Next is to get your paperwork in order. If the car belongs to you
then it’ll be the easiest way to get started. You’ll need the
registration papers to show that you own the vehicle. If you can’t find
them, don’t worry. A trip to your DMV (department of motor vehicles)
will help you file for a lost title.<br />
<br />
They’ll help you get the correct
applications and get that title replaced. This is important, if you
can’t show proof that you own the vehicle outright and that there are no
liens on it, nobody will touch your donation. They legally can’t take
ownership if it belongs to somebody else.<br />
<br />
3. Once you’ve got your paperwork in order, now it’s time to find the
charity that works for you. This is where you make the choice of who
you want to donate your vehicle too. If there is a charity that has
helped a family member or friend out then maybe that’s one for you to
consider. It’s always best to help out the ones that helped you out
before because there are many others out there that will be needing help
in the future.<br />
<br />
4. Contact the charity that you’ve chosen and ask them a few questions:<br />
<br />
Do they offer free pickup? This means will they send a tow truck out
free of charge to you in order to pick up the vehicle you’re wanting to
donate.<br />
<br />
Will they give you a receipt for the vehicle? You must have proof
that they took ownership and that you will be getting a future tax break
when they sell the car.<br />
<br />
After all this is done, now it’s time to wait. From here the charity
takes your car back and begins the process. If it wasn’t running or in
need of some repairs, the charity will more than likely have a contract
with a local repair shop to work in it and get it back into running
condition. This of course will cut into the net profit of the car being
sold but in reality it’s more than they had to begin with. If they spend
$500 dollars on getting the car fixed and it only sells for $2,000.00
then they’re net profit will be $1,500.00 but that’s better than them
getting nothing at all.<br />
<br />
Be sure and follow this list when you’re wanting to donate your car and it’ll help you make it a smooth process.<br />
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--> Next: <a href="http://cardonationreviewsforyou.blogspot.com/2013/02/car-donation-charities.html">Car Donation Charities</a>Anonymoushttp://www.blogger.com/profile/09756861140869322172noreply@blogger.comtag:blogger.com,1999:blog-405116537076271821.post-80803841367055153472013-02-24T19:44:00.002-08:002013-06-25T16:18:36.919-07:00Donate A Car for Charity<h3>
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When you are looking to donate a car
for charity, there are usually several questions that should come to
your mind that we’ll go over in this article. Being armed with the best
knowledge is the best and only way you start this off before doing
anything.<br />
<br />
<strong>Why donate a car to charity?</strong><br />
<br />
This comes with several answers for some people. A few examples could
be that somebody has a vehicle in their driveway or yard that is no
longer wanted or needed and the owner doesn’t any other way to get rid
of it. The vehicle might not be running anymore and an easy repair can’t
get it running (most car donation charities will pick up your car
whether it runs or not). Then some might have an extra vehicle that
isn’t used but they could use a tax deduction for the year. When the car
sells you get to deduct the actual amount it sells for from your
current taxes.<br />
<br />
<strong>How to donate a car to charity. </strong>(see <a href="http://www.towcash.com/how-to-donate-a-car/" target="_blank">How to Donate a Car</a> for more information)<strong><br />
</strong><br />
This will mainly depend on where you are located and if your area has
a charity that meets your wants as well. You can check out the states
we have listed here to see if your location is on there or if you have a
charity in mind, you can call them directly and see if they are open to
being given a car donation for a tax deduction in return.<br />
<br />
<strong>Best place to donate a car? </strong>(see our <a href="http://www.towcash.com/states/" target="_blank">locations by state and city</a>)<strong><br />
</strong><br />
For most people, where to donate your car, truck, or whatever they
want to get rid of can be a preference made based on what touches them
personally. If you’ve had a family member or close friend that had a
bout with breast cancer then you might look at some local charities that
support breast cancer research and support to affected families. This
way you’ll feel good knowing that you’ve helped support a good cause and
in some ways they helped your friends or family when it was their time
of need.<br />
<br />
<strong>Can you donate a old car?</strong><br />
This is a popular question for most people that think their vehicle
wouldn’t be accepted. Believe it or not, your car doesn’t have to be
running most of the time for it to be approved for a donation. It’s
always best to check with the organization first to make sure but what
most of them do is have the car repaired and make ready to sell. Once
it’s ready and it sold, they deduct the cost of repairs from the sale
price and that amount is what your deduction will be. Other than that,
it doesn’t matter how old your car is as long as it holds some kind of
value then the charity will take it.<br />
<br />
<strong>Can you donate a car for cash?</strong><br />
When you donate a car
to a charity, they won’t just hand you cash for it. You’ll get a receipt
showing that they accepted the car and then your deduction amount is
dependent on how much they can sell it for. After it’s sold, they’ll
update you with the correct price and make sure you get it in writing
for your taxes.<br />
<br />
--> Next: <a href="http://cardonationreviewsforyou.blogspot.com/2013/02/steps-to-donate-your-car.html">Steps to Donate Your Car</a>Anonymoushttp://www.blogger.com/profile/09756861140869322172noreply@blogger.comtag:blogger.com,1999:blog-405116537076271821.post-48757849646965074902013-02-24T19:42:00.003-08:002013-06-25T16:17:41.246-07:00Car Donation Value<h3>
Car Donation Value</h3>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgK3WgCHSCIynK2m0vueylnOSfO4y4UOg8wicBiYFN3K5I3Mc_sFFKPozOtFyveza83epLgPIU5cd8nLaUG5t0N_C5wXooklkr52Z5x1jgOxkPyu6F8OQPSy7owzVYVmp2dpZHa6-rptec/s1600/value.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Car Donation Value" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgK3WgCHSCIynK2m0vueylnOSfO4y4UOg8wicBiYFN3K5I3Mc_sFFKPozOtFyveza83epLgPIU5cd8nLaUG5t0N_C5wXooklkr52Z5x1jgOxkPyu6F8OQPSy7owzVYVmp2dpZHa6-rptec/s1600/value.jpg" height="200" title="Car Donation Value" width="133" /></a></div>
One of the biggest hurdles people face when thinking about donating their vehicle is the car donation value.
We’ll go over some ways to help you figure out realistic values for you
to go by in helping you make the decision as to where this is something
you want to do or not.<br />
<br />
Here we’ll go over three different agencies you can use to figure out
your car donation value. Each will usually be pretty consistent with
the other depending on the options you have on your vehicle.<br />
<br />
<a href="http://www.kbb.com/" target="_blank">Kelly Blue Book:</a>
Find the official Kelly Blue Book value for your car, SUV, van or truck.
Their website is free to use and is one of your best sources for new
and used car values.<br />
<br />
Here you’ll enter in the make and model of your car and complete the
online form on their website to help you come up with the fair market
value or car donation value. There are a few values you’ll have to enter
in such as mileage, the condition it’s in, and anything else about this
vehicle they have listed.<br />
If you look at the trade in value, that’s completely different from
fair market value. The trade in value is what the dealership will be
willing to give you in order to keep their profit margins high.<br />
<a href="https://www.blogger.com/blogger.g?blogID=405116537076271821" name="nada"></a><br />
<a href="http://www.nada.com/">NADA Appraisal Guides</a>: Used vehicle pricing and information for
automobiles, classic cars, motorcycles, boats, recreational vehicles,
aircraft and manufactured housing.<br />
<a href="https://www.blogger.com/blogger.g?blogID=405116537076271821" name="edmunds"></a><br />
<a href="http://www.edmunds.com/" target="_blank">Edmunds</a>: Edmunds
provides pricing for new and used vehicles based on your zip code
location. Edmunds is another good source to help you get the fair market
value and has an extensive database of new and used cars.<br />
<br />
<b>TIP</b>: A good thing to remember when trying to figure out the value of
your vehicle is what kind of demand is out there for it? If your car is
high in demand or not a common vehicle, the fair market value can be
more than what books or online sites are telling you. What you can do is
pick up an Auto Trader magazine, look at some online classifieds such
as Craigs List.com to get an idea of what your’s is selling for in your
area. Also by using these resources, you can get an even better idea of
your car donation value.<br />
<br />
--> Next: <a href="http://cardonationreviewsforyou.blogspot.com/2013/02/donate-car-for-charity.html">Donate a Car for Charity</a>Anonymoushttp://www.blogger.com/profile/09756861140869322172noreply@blogger.comtag:blogger.com,1999:blog-405116537076271821.post-91040902624757683092013-02-24T19:40:00.002-08:002013-06-25T16:15:28.590-07:00Car Donation Tips<h3>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEWRa63y4ozd5SELJq_CO8xlOo9siydpEEe4ViASewkQVqJXRfaPX1642XY7m6_uE0DYtmzUDCMevDr2yRDzu9445kPfYcpo9EYilGmOI8UASLmJX1CCkNNgLsnDaDT_DS43cTH1uBPj_X/s1600/tips.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Car Donation Tips" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEWRa63y4ozd5SELJq_CO8xlOo9siydpEEe4ViASewkQVqJXRfaPX1642XY7m6_uE0DYtmzUDCMevDr2yRDzu9445kPfYcpo9EYilGmOI8UASLmJX1CCkNNgLsnDaDT_DS43cTH1uBPj_X/s1600/tips.jpg" title="Car Donation Tips" /></a></div>
When you’re looking at taking a step like this, it’s always best to have to some car donation tips to go by. We’ve come up with the most important ones here so be sure and print these out to help you when tracking items down.<br />
<br />
<strong>Find the Title</strong><br />
<br />
If you want to donate your car to charity, you’ll need the title for
it. If for some reason you can’t find it, it’s damaged beyond
recognition, or if you just don’t want to look for it, you’ll need to
contact your local DMV (Department of Motor Vehicles) to start the
process of getting a duplicate title. Many of them will have the steps
online to save yourself a wasted trip there to stand in line for hours.
Some places will take your car donation without a title but only if it’s
to be sold for parts or salvage.<br />
<br />
<a href="https://www.blogger.com/blogger.g?blogID=405116537076271821" name="value"></a><br />
<strong>Figure out your vehicle’s value:</strong><br />
<br />
You should always have an idea of how much your donation will be
worth so as to not be taken advantage of. There are several place where
you can check the value online but the best that we’ve seen and what
most people go by is Kelly Blue Book (KBB).
Be honest with yourself when grading the condition of your car so that
you’re not setting yourself up for any grief it you and your charity
don’t match on values. It’s sometimes to plan on a little lower
expectations because most of the time cars are sold for less than the
blue book value.<br />
<br />
The donation is a tax deduction to let’s go over the categories:<br />
<br />
1. If you car donation is of low value, you will always be able to
claim a fair market value of up to $500.00 and no additional paperwork
is required.<br />
<br />
2. If your donation is worth more than $500.00, your deduction will be the amount that it sales for.<br />
If you donate a car that is worth more then $500.00, your deduction
will be limited to the actual sale price of your car donation.This means
that you won’t really know the amount of your tax deduction until the
car actually sales and sometimes it might be in your favor. Most
charities will work hard to make sure that top dollar is gotten because
it helps them out as well. So if you thought your car was worth
$2,000.00 but it actually sales for $2,300.00 then that’s an extra
$300.00 for your pocket.<br />
<br />
If your car is in good running condition and considered a reliable
mode of transportation, most of the time it would be used for the
charity instead of them selling it for the cash. If this happens, then
you can generally claim the car’s fair market value on your taxes.<br />
<a href="https://www.blogger.com/blogger.g?blogID=405116537076271821" name="locate"></a><br />
<strong>Locate your choice of Charity</strong><br />
<br />
When you start the process of looking at local charities, be sure and
ask them if they will provide a pickup service for your car or truck.
This way you won’t have to worry about getting it there unless it’s in
good running condition. Most charities will offer this as a free
service.<br />
<a href="https://www.blogger.com/blogger.g?blogID=405116537076271821" name="IRS"></a><br />
<strong>Is the organization registered with the IRS as a nonprofit?</strong><br />
<br />
Before you hand over those keys you’ll want to make sure they are
qualified as a 501(c)3 charity. This means they are a non profit and
you can ask for proof of this. If you don’t verify they are registered
with the IRS, you might be just giving your car away and not able to get
a deduction. You can verify the organizations status by checking the
IRS website by searching Publication 78. This is a list of approved
organizations.<br />
<br />
When determining your charity tax deduction, you need to remember
that you can’t go with the standard deductions and that your tax return
deductions must be itemized. If you’re not concerned with getting a tax
deduction by donating your car then this isn’t a worry but if you do be
sure and itemize your deductions. Sometimes it might be best to get
professional help if you’re dealing with a large deduction amount.<br />
<br />
The last thing to do is to gather up the IRS forms needed to claim
your car donation tax deduction. If all of your charitable donations and
non-cash items equal a value or more than $500 during the tax year,
you’ll need to fill out the fax form 8283 and can be downloaded
direction from the IRS. IRS form 8283<br />
<br />
By following these car donation tips, you’ll be able to make this a much smoother process for both you and the charity that you want to help out.<br />
<br />
--> Next: <a href="http://cardonationreviewsforyou.blogspot.com/2013/02/car-donation-value.html">Car Donation Value</a>Anonymoushttp://www.blogger.com/profile/09756861140869322172noreply@blogger.comtag:blogger.com,1999:blog-405116537076271821.post-24783615636768479662013-02-24T19:37:00.000-08:002013-06-25T16:14:17.483-07:00Charity Car Auction<h3>
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeIUoI_4KbkpzEyy2ORwi0Brv7lOjtBn9YUztWHTIXa7GyblLUy2ZFBcwEBSB1CMJXHDNmLilTfXREFNe7qGAw0V5KoWMZEjYU7oVZB3Xn97BUsjjZQVe_o5mvrig4E8miAgLvsN__oA5R/s1600/charityauction.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Charity Car Auction" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeIUoI_4KbkpzEyy2ORwi0Brv7lOjtBn9YUztWHTIXa7GyblLUy2ZFBcwEBSB1CMJXHDNmLilTfXREFNe7qGAw0V5KoWMZEjYU7oVZB3Xn97BUsjjZQVe_o5mvrig4E8miAgLvsN__oA5R/s1600/charityauction.jpg" height="200" title="Charity Car Auction" width="199" /></a></div>
Unless you’re in the business, knowing exactly how a charity car auction
works is nothing short of a mystery. Now in reality, if you’re going to
donate your car you’re not concerned with anything else but getting
your tax deduction and getting it now. But, just in case you do, keep
reading!<br />
<br />
The sole purpose of a charity car auction
is to raise funds for the actual charity of your choice. How this got
started was that charities had to find ways to keep the funds coming in
to continue their good hearted work but to also do it in a way that
wouldn’t cost them a lot of money either.<br />
<br />
If you look at it in the big picture there are three persons involved
in this being you, the charity, and the buyer. For you, you’re looking
at a way to either clean up your yard, get rid of a headache, or get a
much needed tax deduction. The charity that you chose, needs operating
monies. With the money made from the auction of your car, truck, boat,
etc., it goes straight to your charity. The actual buyer, he just gets a
good deal.<br />
<br />
If you want more information, don’t be afraid to go to the charity in
person and talk to them. Find out how much of the auction money do the
receive from each donation and where it goes. Another good thing to know
is actually how much money they get from the sale and that it’s not
getting pocketed by the company that might be handling the auctions for
the charity.<br />
<br />
Sometimes the charity is like us, they don’t have the time to handle
the auctions themselves or locally and contract it out to other
companies. This company handles getting the tow truck to your vehicle
and bringing it back. Then they clean it up and make it pretty and
sometimes make small repairs but only if the repairs will help the
resale value. After the vehicle is ready, they then handle all of the
auction details. Again what you want to make sure is that these
companies are actually getting more money from the sale then the charity
is.<br />
<br />
Becoming more and more popular are online car auctions for charities.
Both the seller and buyer must register on this site and then you can
fill out your necessary banking information. The starting price is put
up based on the value of it and condition. Hopefully this helped clear
the air for you on how a charity car auction works. If not please contact us with any questions and you can check out our tips (link) page as well. Wikipedia has a good article on how a <a href="https://www.blogger.com/blogger.g?blogID=405116537076271821" target="_blank">charity car auction</a> works as well.<br />
<br />
--> Next: <a href="http://cardonationreviewsforyou.blogspot.com/2013/02/car-donation-tips.html">Car Donation Tips</a>Anonymoushttp://www.blogger.com/profile/09756861140869322172noreply@blogger.comtag:blogger.com,1999:blog-405116537076271821.post-17799566918703241402013-02-24T19:35:00.001-08:002013-06-25T16:12:59.660-07:00Donate a Car to Charity<h3>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEga69Mp2uisUxoslEWt4uBofFkQ6XcRuoYxayKdj9PkbqAKLM_Me07TzsXz6CzVebIwEtzEytzV5tkNTzrAHu7xpjLn2i4of7Z-v6sjEbi4gy3EhXPvE2MSRj6g92r00KneNtGu5iz_KErD/s1600/donateto.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Donate a Car to Charity" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEga69Mp2uisUxoslEWt4uBofFkQ6XcRuoYxayKdj9PkbqAKLM_Me07TzsXz6CzVebIwEtzEytzV5tkNTzrAHu7xpjLn2i4of7Z-v6sjEbi4gy3EhXPvE2MSRj6g92r00KneNtGu5iz_KErD/s1600/donateto.jpg" title="Donate a Car to Charity" /></a></div>
There are several reasons why you should donate a car to charity,
one being a sense of satisfaction and fulfillment in helping others.
However, there are also more practical reasons, and here are just some
of these that are worth considering.<br />
<br />
A car donation is an easy way to get rid of your old car than trying
to trade it in or sell it yourself. You have no advertising costs, and
no extra phone bills. Nor are you waiting day after day to get your old
car moved from your garage, and you don’t have to stay at home waiting
for callers or potential buyers visiting to have a look at the vehicle.<br />
<br />
Although these may seem spurious reasons for car donation at first
glance, many people trying to sell their old cars report an increasing
sense of frustration as time goes by and they still haven’t found a
buyer. Some end up trying to sell it for scrap and find it costs them
money to have it towed away.<br />
This is not the case when you <em>donate a car to charity</em>. The whole process can be over within 48 hours without it costing you a cent, and you even get it taken it away free.<br />
<br />
<strong>Tax Deductions for Donating a Car to Charity</strong><br />
<br />
You will likely be eligible for a tax deduction if you donate a car to charity<a href="https://www.blogger.com/blogger.g?blogID=405116537076271821">.</a>
The charity must be registered, and full details of what is required
and how much you can claim are detailed in IRS Publication 4303. In many
cases, you can get more money back in tax than the financial benefits
of trying to sell the car yourself when you take advertising and
insurance costs into consideration.<br />
Basically, if the charity sells the car then you can claim the gross
amount of the sale in your tax return. If the charity decides to use the
car or repair/improve it before using it, you can claim the fair market
value of the car when donated – before the improvement. The same is
true if the charity improves then sells the car – you can receive the
fair market value of the vehicle when donated.<br />
Everything you need to know about the procedures required when
claiming tax for a donated vehicle is detailed in the above IRS
Publication. The charity you choose will also give you advice and help
regarding this.<br />
<br />
<strong>Promotional Benefits for Donating a Car to Charity</strong><br />
<br />
Some charities will offer a non-cash benefit for donating your car.
These are generally promotional benefits that do not cost the charity
money, but are used by businesses such as hotel chains and travel firms
to promote their business.<br />
<br />
Among such offerings are travel vouchers that allow you free travel
or travel at discount prices and vacation vouchers. These can offer you
free hotel weekends, free cruises or other types of vacation. You may
also be offered store discount vouchers – all of which are useful if you
are able to use them.<br />
Not all charities can offer such reward for donating your car, but
that doesn’t mean you should not use them. Some may have a commitment
that appeals to you, while others may spend all their income on the
charity and less on advertising and staff. You should be able to
establish these figure if you have a need to, and simply asking them is
usually sufficient.<br />
<br />
<strong>Recap of Benefits</strong><br />
<br />
To recap, then, the main benefits you enjoy when you donate a car to charity are:<br />
<ul>
<li>Tax benefits: you can reclaim the value of your car or the selling price in your tax return</li>
<li>Simplicity: you can be rid of your old car free of charge without having to sell it or keep it taxed or insured.</li>
<li>Save time: you will avoid advertising costs and save time in having
your old car taken away. You don’t have to wait at home for telephone
calls or visits from potential buyers.</li>
<li>Free towing: you don’t have to pay to have your old car towed away.</li>
<li>No bureaucracy: save on the Department of Motor Vehicles paperwork
needed if you transferred the car yourself. All that is taken care of
for you.</li>
<li>Feel Good: you will feel good when you donate a car to charity – it is better to give than to receive.</li>
<li>Helping Charity: you will be helping the charity to do its work,
whether it can use your car in its work or sell it to raise finance.</li>
</ul>
When you donate a car to charity rather than fix it
up and try to sell it yourself or attempt to get somebody to give you
money for taking it away as scrap (ha-ha!), you will be helping the
millions of starving children in the world, all the autistic kids that
need special education and those seeking cures for cancer, muscular
dystrophy and MS among many other killer diseases.<br />
<br />
--> Next: <a href="http://cardonationreviewsforyou.blogspot.com/2013/02/charity-car-auction.html">Charity Car Auction</a>Anonymoushttp://www.blogger.com/profile/09756861140869322172noreply@blogger.comtag:blogger.com,1999:blog-405116537076271821.post-15872808374863969062013-02-24T19:31:00.004-08:002013-06-25T16:12:01.668-07:00How to Donate a Car<h3>
<strong>How to Donate a Car: Procedure for Donating a Car to Charity</strong></h3>
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If you need to know how to donate a car, then you have likely already
made up your mind to donate your car to charity. The procedure for
donating a car to charity is fairly simple, but there is slightly more
involved if you want to claim the value of your car against tax.<br />
<br />
If you are a tax payer, then it makes sense to donate your old car
rather than just scrap it because you can claim it against tax. In fact,
even if you decide to sell it you should consider your net profit from
selling it against your net tax gain by donating it. This net profit
could depend upon what the charity does with your car: uses it or sells
it.<br />
<br />
You may be able to claim more in tax from your donation that you
would get by selling it – the price an old car realizes when sold is
almost always a good bit less than its market value. That difference
might well make it worthwhile donating a car to charity rather than
selling it. The main problem here is that you don’t know until you
actually donate it or sell it, so you have a judgment to make.<br />
<br />
In learning how to donate a car you will likely learn the benefit
that your car could do for others. Perhaps that will be enough to sway
you to the donation and see what happens, rather to selling it and
seeing what happens. At least if things go badly with the amount you can
set against your next tax return, you will always have the satisfaction
of doing good for others. If the selling price goes badly you have no
satisfaction at all.<br />
<br />
You can also choose your own charity, so if you prefer one that helps
disadvantaged children then you can donate your car to that. If you are
religious, and would prefer to donate to your church, then you can also
do that – or to an animal charity, environmental or any other you
prefer.<br />
<br />
<strong>How to Donate a Car: Choose Your Charity</strong><br />
When donating a car to charity first look around for a charity that
suits you. You will find several online or you might have a favorite
charity to which you could write or make a call. All that is required is
that your charity is recognized and legally permitted to enable you to
claim any donation against tax.<br />
<br />
<strong>How to Donate a Car: Make the Donation </strong><br />
When you make the donation, the charity will arrange everything for
you. You will have forms to complete to transfer the ownership of the
car, and then it will towed away free of charge. The charity must then
provide a written acknowledgement of how it uses the car.<br />
<br />
How the car is used makes a big difference to what you can claim in
your tax return. For example, if the charity simply sells it as it is
when you donated it, you can claim no more than the sum it sold for. If
they use it for themselves then you can claim its fair market value at
the time it was donated. This is likely to be higher than the selling
price, because old cars rarely sell for more than their market value!<br />
<br />
If the charity enhance the car, such as giving it a respray, and then
sells it, you can still only claim the fair market value at the time of
donation. In this case, you cannot claim the selling price. There are
several more rules regarding how much you can set against tax, although
basically it is the fair market value of the car, unless they sell it
unchanged, when it is the selling price.<br />
<br />
<strong>How to Donate a Car: Claiming Your Tax Deduction</strong><br />
You should claim your tax deduction in Section A of your tax form
1040 (Gifts to Charity – Sections 16-19). The instructions with the form
help you to do this. Although the charity must send you an
acknowledgment of how the gift was used and any income received by
selling the car, you need not include this with your tax return. It may
be needed if your return is questioned to prove your claim.<br />
<br />
You must understand the amount you are entitled to claim. And knowing <span style="text-decoration: underline;"><em>how to donate a car</em></span>
to charity is one thing, but just as important is knowing how you can
claim against tax. If you use a rule of thumb that you can claim the
fair market value of your vehicle at the time of donation unless it is
sold unchanged, then you should be accurate.<br />
<br />
--> Next: <a href="http://cardonationreviewsforyou.blogspot.com/2013/02/donate-car-to-charity.html">Donate a Car to Charity</a>Anonymoushttp://www.blogger.com/profile/09756861140869322172noreply@blogger.com