Vehicle Charity: What You Need To Check

2007-03-08 10:33:40

( Charity )



Once the end of the year is in sight, a lot of people become concerned about their holiday shopping in addition to other financial obligations and other activities associated with the holidays. The holiday season is also the time when charitable institutions get a lot of donations. Vehicle charity is one of the type of these donations.

Several years ago, vehicle charity means you can deduct the full market value of your vehicle against your taxes. However, the government is slowly imposing limits on the amount you can deduct against your taxes. If you still want to donate a car to charity, you should also be aware of fake organizations that take advantage of the people who want to get a tax deduction.

Regardless if you are busy with your work or with holiday shopping, you should do in-depth research before you donate your vehicle. You should first compile a list of potential charitable organizations that accept vehicle charity. Once you have narrowed down your list, you have to check if they are legitimate and recognized by the government to accept donations else your tax deduction will be invalid. One way to check is to call your local business bureau or your local tax department.

You should also steer clear of organizations that do not want to send you literature or any information about them through the mail. They may be trying to avoid mail fraud. You should not entertain organizations who call you to pressure you to donate your vehicle.

Once you have decided, make sure you get a receipt and you pay by check or by credit card so that you leave a paper trail. Before donating your vehicle, you should remove any personal effects in your car including your registration stickers.

Even if you do not have a car to donate to charity, you can always donate furniture, computers and clothes.


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