Best Car Donation Tips

Best Car Donation Tips

By Helen Hecker

In the US, it's possible to donate a car, boat or any other vehicle to certain charities, and in return be able to claim a nice tax deduction on your personal income tax return. The process for charitable car donation is simple and convenient.

Some charity car donations may not qualify for the tax exemption because of the condition they're in. And if you don't intend to deduct the vehicle donation on your income tax return, no further action is necessary. The donor of the vehicle benefits from the donation by receiving a tax receipt for the highest possible value of the vehicle.

Cars can be donated to the recipients directly or sold and the money given to charity. It's not common knowledge but some car donors in need of a new vehicle even buy a recently donated and repaired vehicle.

The vehicle is usually marketed by the charity and sold to a buyer in need of a good used vehicle. Some charities, that run their own program instead of hiring a car donation program middleman, are discriminating about which vehicles they will accept, repair and materially improve. They sell most of their vehicles at retail not wholesale.

In some cases charitable car donors can still claim the fair market value for their used vehicles. You may also easily donate your car online to individual charities or to car donation programs.

Major charity car donation programs include: the Kidney Foundation Car Donation Program, Target Car Donation Program, and Goodwill Industries Car Donation Program. Other major charity car donation programs include: Make A Wish Foundation and the American Red Cross.

A car donation made to a reputable charity greatly benefits the charity and the donor. 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. Charities look at car donations from both the point of view of the donor of the car, and the charity receiving it.

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 don't intend to deduct the vehicle donation on your tax return, no further action is essential.

Some charity car donations may not qualify for the tax exemption because of their condition. 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. 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.

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.

There have been car donors who needed a new vehicle and they ended up buying donated and repaired vehicles.

You can usually donate a sad-looking car that's not running, depending on the charity. In some cases charitable car donors can still claim fair market value for their used vehicle.

If your automobile, truck, boat, motorcycle, RV or aircraft is no longer of use to you, it can still go a long way toward supporting the charity of your choice. No need to pay for advertising, no loss of privacy and possible security risk, and no need to pay for vehicle registration, insurance, and repairs to keep your car in running condition while you wait for a buyer. For states that require smog certificates or safety inspection certificates, you can donate your vehicle without these documents.

Some charities have the capability to repair or perform maintenance and get a donated vehicle ready for sale. A vehicle donation is allowed if you itemize your income tax return. 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. Major charity car donation programs include: Kidney Foundation Car Donation Program, Target and Goodwill Industries.