subject: Car Donation Company Review: Donate a Car 2 Charity [print this page] Car Donation Company Review: Donate a Car 2 Charity
Donate a Car 2 Charity provides convenient pick up nationwide and usually within 24 hours of your donation. You can do this by filling out a donation form online or calling them toll free. Also ask if there are any vehicles that they will not accept.
Value of Your Vehicle
Fair market value up to $500 will not need any additional paperwork and you will receive a receipt for tax purposes when the donated vehicle is picked up by the towing company. If your donated car is worth more than $500 the deduction will be determined by the actual sale price of the car.
Getting a Tax Deduction
There are no hidden costs and they will provide you with the best tax deduction possible. Before you donate to a charity that is IRS registered 501 c 3. If they are not registered, donating your car to them may not be tax deductible. The receipt for your donation will be sent to you within 30 days of the sale.
All donations are tax deductible and you should receive a tax receipt once the car is in the organization's possession. To find out what your car is worth visit Kelly Blue Book website. Most cars will be sold at auction. For example, if your car sells for $500 or less you can deduct the fair market value. When evaluating your car's worth you must use the private part valuation option.
The tax letter would then state that your car sold for $500 or less and include the following information:
Your name
Address
VIN# (Vehicle Identification Number)
Charity name
Tax ID#
The donation date and the sale date
All proceeds will go to Activated Ministries. Activated Ministries is a 501 c 3 non-profit organization that is dedicated to sharing God's word and the distribution of Christian outreach materials. Use IRS Publication 78 or go to IRS Charity Search to search for the status of the charity you that you chose.
How to Donate Your Car
Towing is free and there are no hidden costs. When you complete the form you will be given a donation reference number that will allow you to receive updates online or by the phone.
The website has a map that is easy to use. You can choose the state that you are interested in either by clicking the state on the map or an alphabetical list of states.
This will then bring you to the information that you need about that state that includes:
Where they will pick up car donations
IRS tax deduction information
Paperwork that you need
A title is required unless it is a vehicle manufactured before 1975, an ATV, snowmobile or boat.
If you have lost the title, you can apply for one through your local Department of Motor Vehicles. There will be a fee and time involved to receive the new title.
Transferring the Title
You must transfer the signed title remove license plates. If you have any questions about releasing liability, call your State's Department of Motor Vehicles.
