There are several benefits to the donor for giving a car to charity. The following are some of the benefits and some tips to help you in donating your vehicle to charity.
1. Tax Deduction - By donating your unused car to charity you can deduct the value of the vehicle from your taxes.
This benefit will depend on the type of organization you decide to use for donating your vehicle. Some organizations actually sell the vehicle at auction or by other means to raise funds for charity. Others actually give the vehicle to someone in need, such as a family with a child that has special needs, low income, or other various reasons.
Make Sure You Know What the Organization Plans to do with YOUR VECHICLE!
- Make sure you get a receipt from the organization for your car.
- Have an appraisal done on your car before donating it to the organization.
- If the car is worth more than $500, fill out an IRS FORM - 8283. This is very important.
- Make sure the charity gives you written acknowledgment of the donation.
- Take pictures of the vehicle and retain the receipts from maintenance, tires, and other work done on the vehicle.
2. Piece of Mind - Knowing you helped someone in need, its a GREAT FEELING.
- By donating your car to a charity or someone in need, you have made someones life easier.
- Karma is something I strongly believe in...if you do good for others, good things will happen to you!
- There are many other benefits of donating a car to the RIGHT ORGANIZATION. Give it a try!
Monday, April 22, 2013
Sunday, April 21, 2013
Doing Good for Others - Car Donation
Giving to charity and changing someone else's life for the better is always a great feeling. There are many ways to donate to charity...such as taking clothing to the Salvation Army, Good Will, or even your local church. These places take the items you donate and give them to people that are less fortunate.
One of the newest ways of contributing to help your fellow man is Car Donation. That's right, the old clunker in your backyard, sitting under the tarp not being used can change someones life. It can now be donated to charity. These operations are primarily ran by the state or federal government. By donating your old car, you can help provide transportation to a family/person in need. This family/person can then have reliable transportation to seek work, transport a disabled child, or simply have the joy of not relying on someone else for transportation.
One of the newest ways of contributing to help your fellow man is Car Donation. That's right, the old clunker in your backyard, sitting under the tarp not being used can change someones life. It can now be donated to charity. These operations are primarily ran by the state or federal government. By donating your old car, you can help provide transportation to a family/person in need. This family/person can then have reliable transportation to seek work, transport a disabled child, or simply have the joy of not relying on someone else for transportation.
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