Donate Car To Charity And Get Tax Benefits

2007-03-08 10:33:40

( Charity )



Donate car to charity and you can make a difference. Instead of selling your car, you can donate car to charity instead. The donations are not even limited to cars since you can also give trucks, boats and utility vehicles depending on the organization that you tie up with.

Sometimes, some companies will even accept vehicles that are not in working condition. Although these still need to be assessed on a case to case basis, you can ask these companies how to go about the process.

All you need is the title of the vehicle as well as the vehicle itself and you can go about with the donation. If for one reason or the other, the title is missing, you can still get in touch with any of the organizations that accept vehicle donations so that special arrangements can be made, when possible.

When you donate a car to charity, you can actually have the car picked up from your residence or office. The company or organization accepting the donation will be the one to coordinate with the towing company to save you the trouble of having to do it yourself.

One of the advantages if you donate car to charity is that this is tax deductible. The tax benefit that you receive is equal to the amount of the car, depending on how much it is sold for. You just need to familiarize yourself with the tax guidelines to be able to maximize the special tax benefit you receive from your donation.

Depending on which organization you partner with, the donation you make will help in disaster relief or poverty alleviation all over the world. Make sure that you ask about the charity that will benefit from your donation so that you can ensure that the money goes to the right hands.


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