subject: How To Donate Your Car In New York [print this page] Do you want to get rid of your old car standing in the garage and blocking space? Will its repair cost more than its worth or you have bought a new vehicle and want to relieve the older one? Whatever may be the reason but one thing is certain that you have a car and want to dispose it off. Here, we will discuss in stepwise detail as to how to go for car donation in New York.
Step 1. First of all, select a charity that accepts car donation and works for the cause you would like to espouse. The charity that you have chosen should be a not-for-profit and a 501 (c) (3) organization or is registered as a religious body. There are charity organizations that work for underprivileged children and provide food, shelter, and medical treatment to such children. You can support these causes by donating your car to such charities. Usually, charity foundations accept cars in any condition and use the money raised by selling the car for social causes.
Step 2. Ask the charitable organization to send their representative to you so that you can find out the formalities and other things necessary for donating the car. Most of the charity foundations provide free car pick-up services from your home to their office.
Step 3. Do not forget to be physically present at the time when your car is being picked up by the charity people. This is important as you can check the car for documents or any other items that you might have left in it by mistake.
Step 4. Hand over the keys of your car to the person who comes to pick your car. But you should take care in transferring the title of the car since different states have different rules in this regard. You should gather all the information and norms related to the title- transfer prior to donating the car.
Step 5. Always ask for the receipt from the charity representative who has come to pick your car. The receipt must contain your official name and the date on which donation was made by you. The receipt should also have the federal tax identification number of the charity apart from its full name. This information is necessary for tax purposes and will be needed at the time of claiming tax deductions while filing tax returns.
Step 6. Last but not the least, do not forget to file your tax returns (vide form 1040) at the end of financial year. The form 1040 enables you to deduct the correct market rate of your donated car.
