Archive for December, 2012

Car Recalls

Friday, December 21st, 2012

Every now and then car manufacturers issue a recall for one of their vehicles due to safety concerns or other defects in the vehicle. Getting a vehicle repaired through the recall process can be a huge hassle for car owners, especially if it is already time to look for a new car. The good news it, Goodwill is happy to accept donations of vehicles that have been recalled.

The recall process usually occurs in the following stages:

  • Consumer Complaints: Most recall processes begin with consumer complaints. Consumers can file complaints with the manufacturer or with the National Highway Traffic Safety Administration’s Office of Defects Administration.
  • If enough consumers file complaints with the NHTSA, or if the complaints that are filed are indicative of very serious safety concerns, the NHSTA will issue a mandatory recall. In some other instances, manufacturers will issue a recall if they notice an issue that could cause safety concerns.
  • Once the recall has been issued, the manufacturers will announce the recall to the public and then they are required to send notifications to each individual owner of a vehicle affected by the recall.
  • When an owner learns of a recall affecting their vehicle, they can take the vehicle to any authorized dealership where the dealer will determine if the vehicle is eligible for the recall repairs. If it is, the necessary repairs will be made free of charge.

Since recalls sometime are not made until several years after the vehicles were purchased, in some cases the owners may already be looking for a new vehicle when they learn about the recall. If this is the case, it might be a good idea to just donate the vehicle to Goodwill rather than go through the hassle of finding an authorized dealer and then waiting for repairs to be made.

Click here to learn more about the car donation process. Do your part and help your community today!

 

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Tax Information

Thursday, December 20th, 2012

As the end of the year is approaching, many people are starting to think about tax season coming up. Now is a great time to donate your vehicle to Goodwill of Greater Washington for a great tax deduction. Here are some answers to frequently asked questions about tax deductions for vehicle donations:

Are auto donations to Goodwill tax deductible?

Yes! All vehicle donations to Goodwill of Greater Washington of Greater Washington are tax deductible to the fullest extent allowed by law. Goodwill is a federally recognized 501 (c)(3) which means that it is authorized to accept tax-deductible donations and issue tax documentation for these donations.

How much can I deduct for my car donation?

The federal tax law regarding vehicle donations is as follows:

  • If the vehicle sells for less that $500 – The donor may take the fair market value of the vehicle up to $500.
  • If the vehicle sells for more than $500- The donor may claim the amount the vehicle sells for in the auto auction.

What documentation will I receive for my vehicle donation tax deduction?

When a donating a car to Goodwill, we will send a tow truck to collect the vehicle. When the driver comes to pick up the vehicle, he will bring a pick-up receipt that the donor can use to take the minimum tax deduction of up to $500. Then, Goodwill will sell the vehicle in an auto auction and mail you a letter to notify you of the selling price. If the vehicle is sold for more than $500, you will also receive a 1098c form which will allow you to deduct the full selling price of the vehicle.

The answers to these questions are for informational purposes. If you have additional questions regarding tax deductions for vehicle donations, it is always best to speak with your tax consultant or the IRS.

Donate now by clinking the link below to get a tax deduction for 2012!

 

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Congratulations to the Car Raffle Winner!

Wednesday, December 19th, 2012

GWcars.org would like to congratulate Greg from GregsList.com on winning the 2005 Audi Station Wagon at the Goodwill of Greater Washington Raffle last week!

The Audi was donated to Goodwill by a generous Goodwill vehicle donor and the raffle was a huge success. Thanks to Greg and all the other raffle participants for supporting Goodwill. Goodwill will use the proceeds from the raffle to continue its great work in your community during 2013.

The raffle of the donated Audi took place last week at Goodwill’s second Pop-Up Shop – Edited for Goodwill: Peace and Goodwill.

Pepco was, once again, generous enough to offer the Pepco Edison Gallery to host the Pop-Up Shop. Additionally, Pepco matched every dollar raised at the Pop Up Shop up to $25,000.

The Pop-Up Shop was in operation last week from December 12-14th, during which Goodwill showcased some of the best and most fashionable donations from 2012. Goodwill receives many generous clothing donations and the Pop-Up Shop was a great opportunity to showcase some of the finest clothing donations Goodwill has received this year. The event was a huge success – Goodwill shoppers were able to find great bargains on winter apparel and Goodwill raised money to use towards its mission of improving lives through the power of education and employment.

The holidays are a great time to make a vehicle donation or a clothing donation to Goodwill of Greater Washington. Donations to Goodwill are tax-deductible to the fullest extent allowed by law. As long as you make your donation before the end of 2012, you will receive tax documentation for the 2012 tax year. Plus, you will know that you helped support a great nonprofit in their efforts to help people with disadvantages and disabilities during the holiday season.

To learn more about how to donate your car to Goodwill of Greater Washington, click the link below or call us toll free at 866-492-2770.

 

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