Donate Car - Donate Truck
- Donate Boat - Donate RV
Donate that old car or pickup to your favorite charity & receive a valuable tax
deduction...All with just one click!
click
here to donate! Are you thinking of selling or trading in that old
car, boat or RV? Why not donate it instead? As a charitable contribution your
donation could make a big difference. Search
and choose from hundreds of religious institutions, schools, and charitable organizations
including cancer research,
multiple sclerosis and heart disease.
Donate your car, boat, truck or motor home to Charity! Your car donation is fully
tax deductible. Your charitable donation can make a huge difference to someone
who needs food, shelter, or medical care. Car donations on this site will benefit
a non-profit charity classified with the IRS as a 501(c)(3) charitable organization.
Individuals can also receive tax deductions for their vehicle donation
Free
nationwide pickup and
no complicated paperwork.
It's fast and easy. All
vehicles accepted.
click here
Determining
the Value of Your Car
The maximum amount you can deduct on your
income tax return is the fair market value of your car. Fair market value
is the price a willing buyer would pay and a willing seller would accept for
the car, when neither party is compelled to buy or sell, and both parties have
reasonable knowledge of the relevant facts. Some fundraisers have mistakenly
claimed that donors can, in all cases, deduct the full value of their cars
as found in a used car guide (such as blue book value). A used
car guide may be a good starting point to value your car, but you should exercise
caution. The IRS will only allow a deduction for the fair market value of the
car, which may be substantially less than the blue book value. To
help you determine the value of your donation click
here Car Donation Appraisal.com
IRS Car Donation and Tax Information A
car donation to charity can be a great way to get a deduction on your taxes. Thanks
to new tax law that went into effect in January 2005, the IRS has taken the guesswork
out of determining the value of your car, truck, RV, boat or other vehicle. As
of January 2005, you may deduct the full price we receive for the sale of your
car or other vehicle. This greatly simplifies the process for you, the donor,
because you no longer have to research and come up with an estimate of the fair
market value of the car or other vehicle. This
also eliminates the risk of you getting into trouble by overstating the value
of your deduction on your tax return. Youll know exactly the amount you
may deduct, eliminating guesswork. This saves you both time and risk. The
IRS allows you, the taxpayer, to claim a tax deduction of You
can generally deduct the vehicles fair market value instead of the amount
of gross proceeds from the sale if any of the following situations apply: The
organization makes significant intervening use of or materially improves the vehicle The
organization gives or sells the vehicle to a needy individual at a price significantly
below fair market value in direct furtherance of its charitable purpose of relieving
the poor and distressed or underprivileged who are in need of a means of transportation The
claimed deduction is $500 or less
The
donor must take many factors into consideration to establish the value of the
car. Many used-car buying guides contain step-by-step instructions so that readers
can make adjustments to the value of a car for accessories, mileage and other
indicators of its general condition. Both Publication 526, Charitable Deductions,
and Publication 561, “Determining the Value of Donated Property,” provide detailed
instructions.
Arrangements will be made to pick up your car donation or other vehicle donation
at no cost to you, almost anywhere in the United States, and you will be supplied
with the necessary paperwork to claim your tax deduction for your car donation.
Donate
Your Used Vehicle to Charity! |
Donate
your used car, boat, motorcycle, van or RV to your favorite charity & receive
full fair market value as a tax deduction! Click
here to learn more and search for your favorite charity! Free
nationwide pickup and
no complicated paperwork.
It's fast and easy. All
vehicles accepted. |
|
Information
from IRS Publication 4303
If
a tax deduction is an important consideration for you when donating a car to a
charity, you should check out the charity; check the value of your car; and see
what your responsibilities are as a donor. Through this Publication 4303, the
Internal Revenue Service (IRS) and state charity officials provide general guidelines
for individuals who donate their cars.
Selecting a Charity If
you are eligible to deduct charitable contributions for federal income tax
purposes and you want to claim a deduction for donating your car to charity,
then you should make certain that the charity is a qualified organization.
Otherwise, your donation will not be tax deductible. The most common types
of qualified organizations are section 501(c)(3) organizations, such as
charitable, educational, or religious organizations. This publication refers
to section 501(c)(3) organizations generally as charities. To
verify that an organization is a charity qualified to receive tax-deductible
contributions, see IRS Publication 78, Cumulative List of Organizations, an annual
list of most charities. Publication 78 is available online at www.irs.gov/eo
You may also verify an organizations status by calling the IRS Customer Account
Services division for Tax Exempt and Government Entities at (877) 829-5500
(toll-free). Be sure to have the charitys correct name. It is also helpful to
know the charitys address. Not all qualified organizations are listed
in Publication 78. For example, churches, synagogues, temples, and mosques are
not required to apply to the IRS for recognition of exemption in order to be
qualified organizations and are frequently not listed. If you have questions,
call Customer Account Services at the above number. If you want to learn
more about a charity before donating your car, use the resources listed under
Assistance Through the Charity, Through State Officials.
Qualifying
for a Tax Deduction You can deduct contributions to charity only if you itemize
deductions on your Schedule A of Form 1040. You must take into account certain
limitations on charitable contribution deductions. For example, your deduction cannot
exceed 50% of your adjusted gross income. Other limitations may apply. Publication
526, Charitable Contributions, provides detailed information on claiming deductions
and the deduction limits. It also describes the types of organizations that
are qualified to receive taxdeductible contributions. Publication 526 is available online
at www.irs.gov or by calling (800) 829-3676 (toll-free).
Recordkeeping
and Filing Requirements
Depending
on the amount you are claiming as a charitable contribution deduction, you
may need to get and keep certain records and file an additional form to substantiate your
charitable contributions. See the chart Recordkeeping and Filing Requirements
that follows. WRITTEN ACKNOWLEDGMENT FROM THE CHARITY You must obtain
a contemporaneous written acknowledgment from the charity if the total deduction
you are claiming for a donated car is $250 or more. The acknowledgment must
include the name of the charity, a description (but not value) of your car, and
one of the following: ¦ a statement that no goods or services were provided by
the charity in return for the contribution, if that was the case, ¦ a description
and good faith estimate of the value of goods or services, if any, that the charity
provided in return for the contribution, or ¦ a statement that goods or services
that the charity provided in return for the contribution consisted entirely of
intangible religious benefits, if that was the case.
State Law Requirements
Car Title Generally, state charity officials ask the donor to transfer the
car title to the charity, to make a copy of the title transfer, and to notify
the state motor vehicle administration by updating the information on the donors
car registration about any sale or transfer. In some states, however, there
are exceptions to this titling process, and a third party, such as the charitys
agent, may be able to hold an open title or insert a dealers name. Before
donating the car, you should remove the license plates, unless state law requires
otherwise. This may help you avoid any liability problems after the car is
transferred. |