Make A Vehicle Donation
Making a vehicle donation is a great way to contribute to a charity’s work while also getting rid of a used car quickly and easily. There are several charities all over the country who accept vehicle donations so you have several options about where to donate your vehicle. The vehicle donation process varies at each charity-some charities sell the donated vehicles and use the proceeds to support their programs while others give donated vehicles to families in need. With so many different charities operating vehicle donation programs, vehicle donation has become a popular way for people to get rid of their old cars and other used vehicles while also supporting a good cause.
Tax Advantage of Donating Your Car
Not only are vehicle donations a great way to support your favorite charity, there are also tax advantages to donating a vehicle to charity. The IRS has specific regulations on tax deductions for vehicle donations which can be found here. One of the most important things to consider before donating your vehicle for a tax deduction is find out whether the charity is a federally approved 501(c)(3). Provided that the charity is a federally approved 501(c)(3), your vehicle donation will be tax-deductable. Therefore, it is a good idea to confirm with the IRS that you are donating to a legitimate charity to make sure that you will be able to take a tax deduction.
How to Find a Vehicle Donation Program?
The best way to find different vehicle donation programs is by searching the internet. You will just need to search keywords such as “car donation” “boat donation” “vehicle donation” etc. and you can also type in your city or a specific charity or cause you would like to donate to. You will find that there are a variety of different vehicle donation programs so you can just read through the results and choose the one that you prefer. Most vehicle donation programs provide an online donation form you can fill out whenever it is convenient for you. After you provide the information about your vehicle, someone from the charity will call you back to complete the donation process.
Ready to Donate a Car?
As you can see, donating your old car or other vehicle is a simple and easy process that benefits you and the charity. Car donation is a great option for you because you can get rid of your old car quickly and easily while still getting a financial reward in the form of a tax deduction. At the same time, your vehicle donation will go towards supporting a good cause.
Once you’ve made the decision to donate your vehicle, it is important to do some research about different charities and what each program does with donated vehicles. You should make sure that you are donating you car to a legitimate charity who is federally approved by the IRS as a 501(c)(3) and that the charity will provide with you the proper documentation to take a tax deduction.