How To Donate My Car?

Why Should You Donate?

When you donate a car, you don't just bypass the hassle of looking for a buyer that will never come, but you can also get the following:

* No good deed goes unrewarded, and donating your credited charitable organizations can lead to a tax cut on your part.

* You can even donate cars that aren't working anymore.

* Depending on where you donate your car, your vehicle can be taken within a day or two of your donation, without any extra cost on your part.

* A donated car can also be auctioned, which part of the proceeds will go to you or your charity of choice.

How Donation Works

Donating a car isn't as easy as donating clothes, especially if you're looking for a tax break! Keep in mind that you have very specific system to follow, although you can always ask for assistance from either the IRS or your charity where your car will be donated.

1. Choose a charity of your choice, preferably one that charges a removal fee of a little to none. One example of a car donation charity is Good News Garage, which repairs cars to offer them to working low-income families to be used once again. Make sure that your charity of choice is a qualified and registered charity-otherwise you will get no tax benefit at all. To check, you can consult the IRS or its equivalent in your country.

2. Your car will only be considered a qualified car if it has been manufactured to be used as transportation. Cars that have been purchased for sale do not qualify. For example, if you are a car dealer and a particular car that you've been selling will be donated instead, this will not qualify for a tax cut, as it has been originally been meant to be sold.

3. Determine the fair market value of your car. Fair market value means the value of your property in an open market. You can determine the fair market value of your car by consulting with the charity's management to help determine the estimated sale value of the car, or what they think how much someone will be willing to buy it. Consider the factors that may drive the prices up or down. For example, the car's years of use may drive the price down, but having newly-replaced parts may drive the price back up.

4. Keep in mind that you are still responsible for determining the fair market value of your own car. However, if the car is worth $5,000 or more, it should be professionally appraised.

5. Take pictures of the exterior and interior of the car you're about to donate. Save the charity's acknowledgment receipt and any documentation regarding your car donation. This will help you back up your charitable documentation once you file a tax return.

6. Get the tax receipt. A tax receipt is the paid tax notice, and will flag down the items that call for a tax deduction. Make sure that the charity's name, federal tax ID number, your name, the date and year of the donation, make and model of the car are all included.

7. Make sure that you notify the DMV and your insurance company that you no longer are the owner nor the insurer of the donated car. Follow your state's transfer regulations for the car's titles and plates. Keep the tax receipt and the completed IRS Form filed away for documentation and tax purposes.

8. Some charitable organizations also offer other incentives for your car donations, such as free vacation certificates. Check up on the charity if they're ready to distribute your freebies, if there are any.

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Article Source: http://EzineArticles.com/expert/Dennis_Paguio/95270

By Dennis Paguio

How to Donate a Car to Charity and Get a Tax Deduction!

If you want to donate a car to charity maybe because you don't have time to sell it or you don't think you can get what it's worth or just don't have the time to bother with it or you want to use it for an income tax deduction here are a few tips you should know.

First check with your local charities and see if they can accept car donations. This is the same if you have a truck, boat, RV, motorcycle, airplane or other vehicle you want to donate. Some are set up to sell them on their own lots or have use for them within the organization to carry goods and/or people during their business day.

For those charities that are not set up to handle donations they hire companies that are set up to resell your car, usually called car donation brokers through car donation programs. If you seek them out know that they may keep 50 percent or more of the value of the vehicle. However since so many charities aren't set up to handle these donations they hire them and get profits they wouldn't ordinarily get, so the charity does gain some monies. You can always ask the broker how much of the profit is passed on to the charitable organization.

Make sure to ask if the charity is IRS-approved 501 9(c) (3) or is a qualified religious organization such as a church, temple or mosque in order to accept the donation.

Once you know what charity you're going to donate it to, you can save the charity some money by dropping off the car or vehicle yourself. Some charities charge a removal fee and you can avoid this. Make sure to pass the title on to the charity and sign it over with their name to prevent future legal problems.

If the car or vehicle is worth more than $500, that you can claim a charity tax donation. You want to check the Kelley Blue Book to make sure you know its fair market value.

Make sure to take pictures of the car inside and out for your records.

If your car is worth more than $500 then you'll need to file IRS form 8283 with your tax return. If it's worth more than $5000 then you'll also need an appraisal. So check the IRS form for exact details. You'll also need your charity receipt and a copy of the change of ownership in the title.

This is basically how to donate a car to charity. If you're careful in filing any necessary paperwork, documents, and IRS forms and keep copies of everything, have proof of the value and take care to check all the details you should benefit greatly as will the charity.

For more tips on choosing the best charity car donation, car donation program, used car donation or charitable car donation online and offline go to http://www.Car-Donation-Info.com for charity and tax deduction tips, help, facts, reviews, including information on all types of car donation

Article Source: http://EzineArticles.com/expert/Helen_Hecker/23532

By Helen Hecker

How To Donate Your Car Tips

Car donations can assist several people gaining the life`s fundamental necessities like shelter, clothing, and food. By providing relief as well as assistance, it can assist the pressed to a large extent. In making car donation, there are no hassles involved here, which is the most significant thing. Soon after the value of the car gets evaluated, cars that are not operated for years are received as well. When donating a car, the car`s title is very much significant. Note that in case the title is not available, the institution still capable of making important admission. In this regard, the Motor Vehicle Department from the state of the donor can assist this too. On the car, there should not be a lien.

There is no requirement for the donor to get the car driven to the charity institution. All is handled by the institution itself. The car will be towed away by the institution using a towing company with license, bond, and no cost at all. The towing company calls the donor in three to four working days at the soonest and arrange the place and time suitable for the two parties and then the towing of the car will be done. The donor has to make sure that there is no involvement of costs that is hidden. To call the institution to arrange the time of pick up, the donor has to fill out a form of online application. Car donations should be made to institution that is registered with the IRS as the institution with concern in charity. Tax benefit is another additional benefit from getting a car donated to charity. In case the car is received by the institution of charity in subsequent to the inspection of the car, a receipt for tax deduction is then issued. Below the income tax, donation is deductible. The sum of deduction might be the car`s value until the sum in which the car is sold or until $500, if bigger than $500.

By the time you do the donation, the car shall be free from private possessions and it has to be cleaned. Note that if the donor is not available at home at pick up time, then the keys must be left on the dashboard. The responsibility of the donor for all the problem of the donated car is limited until the car is picked up by the institution. The liability of the donor are the charges of storage and all of the prior fines. Soon when the car gets towed, it becomes the institution`s responsibility.

John Sudarta - Write about how to Donate Your car car in his blog everyday. Visit our web to get more information about Car Donation.

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By John Sudarta

How to Donate My Car for Children Welfare?

Everyone has an intention to collaborate and contribute to the social growth of the children in one way or the other. It does not require a lot of money or big empire to do so. All you need is a big heart and a pious intention for the cause. With just a small step in the form of a car donation, you can change the life of at least one small child. The car which has been used by you for decades or years may not hold any value for you but for a small child, it means access to a better childhood. It means access to education and healthcare facilities. Your small step will bring smile to at least one face. So donate my car to charity will help not one child live a proper life but Children welfare.

Effects of your donation

Due to your donation of a car, at least one small child will get access to basic facilities like education, health care and food.
Your car donation will help the underprivileged and children with disadvantageous situations. It will involve the local communities.
Your donation will boost the culture of charity and will encourage other people to donate too.
Your donation will give you a lot of peace too. You will feel relaxed and comforted by the fact that because of your small donation, a small child is happy somewhere.
Your donation is not about money or anything like that. It is about self-driven motive to help small children and other neglected classes of the society.
Process of Donation

The first question is where to donate my car? You can carry out the donation of car through online web portals that offer you the services. Be careful to choose the right vendor.
The process is very easy when it comes to the online donation. All you need to do is to fill out a simple form that will allow you to donate your car. The form is very simple to fill and contains some basic details.
The second step is that you will have to schedule the car delivery in actual sense i.e. you will have to fix a time when the person from the online portal will come and collect the car. You can schedule the pick up any time when it is convenient to you. The portal generally offers 24 x 7 services.
The third step is that you will get rewarded for your charity. You will get an IRS donation tax deduction receipt that will allow you for 100 % tax deduction on this donation.
Be careful

Charity should be done in good faith but should be blindly done so that the donation never reaches the needy. The web portal should tell you that what will happen with that car i.e. whether if the portal wants to sell the car and create a fund for underprivileged or will they employ the vehicle for some other purpose.

The vehicle may be of no use for you but for the children, it will be no less than a boon for life.

The vehicle may be of no use for you but for the children donate my car to charity and where to donate my car will help not one child live a proper life but Children welfare,it will be no less than a boon for life.

Article Source: http://EzineArticles.com/expert/Ravi_Tripathi/1463504

By Ravi Tripathi