subject: Car Donations [print this page] Donation be it small or big, be it clothes or cars is always a noble gesture. A donation always makes a difference in a persons life. We have always heard of people donating clothes, their childrens old toys, money etc. but donating cars has also become a new trend.
We always find one old car every 2-3 houses. First we leave in our garages for the motive of getting better resale value. But as the time passes and in the absence on making a sale, we just want to get rid of it. Selling it to local garages or to the junk companies is generally everyones first option. But nowadays more and more are donating their cars instead of selling them elsewhere.
The government gives tax deductions for car donations. This is also one of the main reasons for increasing no. of car donations. The estimate of your car has to done before the donation. This is either done by an expert or with the help of the blue book. You will need the title of the car. In case you do not the title of the car, many charity houses have resources to find and replace them.
If you have a charity house or organisation in mind where you would like to make your donation, then you will have check whether they accept car donations or not. If they do, check if they have limitations regarding the car models. They charity house has to be registered, for you to you get the tax deduction. Check whether the charity is registered or not.
In case you do not have any charity house or organisation in mind, then you can a get list of charity houses that accept car donations over the internet. Some of them also have 24x7 helpline services to help people regarding any queries.
Once you have selected the charity house, you just to make a phone call to them regarding the car donation. They generally pick the car from your house in a day or two. Also, they do not charge even a single penny from you for towing our car.
In return of your car donation, they give you a receipt of NON CASH CHARITABLE CONTRIBUTION which you will have to submit to get tax deductions.
Nowadays car donations have become very easy with the internet. They give facilities of online donation forms, easier processing and special services from the charity house like vehicle pick-up and towing. You can make car donations over the phone
Now about the tax deductions. After you made the donation, depending on the condition of the car, the car is used by the charity house. In this case, your tax deduction will be the car estimation earlier done. If it is working condition, then they use it patients and children whereas if is not in working condition, they sell it to raise money. Now if the car is sold for less than 5000$, then the original receipt is enough. If sold for more, the charity house provides you with an upgraded receipt.
You might want to donate you car for tax relief but some or the other way you are helping someone live a better life. About 3/4th population does car donations.
