Want to get rid of that old car? Donating it to charity is a fine choice. A charitable car donation doesnt mean youre giving something away for nothing. You could also benefit from such a choice, like receiving favorable tax deductions. If the charity sells the car, you receive its selling price as a tax write off. If it uses it, you get a tax write off equal to the fair market value of the car
Donating your car to charity is sure to bring rewards. Other than the tax deductions, the laws on karma will also apply. The good deeds you show will be rewarded surely.
But how do you find the right charity to receive your car? First, ask if your charity is recognized by the Internal Revenue Service (IRS). This makes you eligible for tax deductions.
Finding the right charity can be hard, especially in certain places where geography and unfamiliarity play a factor in the success or failure of your search. In such cases, contacting some car donation services is a good idea. From the list that these car donation services would provide, you could select the charity you think is most deserving of your car
Remember, making sure your charity is recognized by the IRS for you to receive your tax deductions. There are lots of broker services out there that will find a charity for you free, receive a small referral fee from the charity. Make sure you inquire about these as well.
One way to learn more about car donation is to keep your ears opened as you hear information on tv, the news,
radio and conversations. Often you’ll hear people saying what they heard and where they heard it and that will
help you get more facts on automotive donation programs.
But, knowing which car donation service to select is not easy. You should conduct a little research and not be afraid to ask questions. Questions about the process and how the vehicle will be sold should be included with an investigation. Check and see if the program is registered with the state in which it resides.
We’ve gathered some information for you on this to save you some time since research is always a difficult
task. Yet without proper research there is no way to acquire the material you need to understand about car donation.