| If you've never considered donating a car to charity, | | | | company to do so. |
| you might want to give the idea a second thought. | | | | 3. You must also have the legal right to donate the |
| Donating a vehicle to charity is a wonderful thing to do | | | | vehicle. You will need to have the car's title, a copy of |
| for many different reasons. You avoid the hassle of | | | | the title, or other proof of ownership in order to prove |
| trying to sell it, you are doing something nice for others, | | | | that you are the legal owner. The charity will verify this |
| and best of all, you could get a nice big, fat, car | | | | so don't even think about trying to sell your neighbor's |
| donation tax deduction! | | | | car! You don't want to get into legal trouble later on |
| Charities are always in need of good used vehicles. | | | | down the road. |
| Even if your car is a total clunker, it doesn't matter! The | | | | 4. After the charitable organization sells the vehicle in |
| charity will repair or fix the car so that it's in running | | | | about 30 days or so they will notify you as to how |
| order, then sell it at auction for a profit. The charitable | | | | much it was sold for. |
| institution is then able to use the money they make on | | | | 5. You then can claim the car's resell value on your tax |
| the sale of the car for a worthwhile cause. It's a | | | | return as a charitable donation. |
| win-win situation for both the donor and the charity. | | | | 6. In order to claim the tax deduction for the car, you |
| If you think you might be interested in donating your | | | | must have a signed receipt or notification from the |
| car, here are 6 of the main fundamentals of the | | | | charity that recognizes the car donation. |
| process you'll want to know about in order to get a | | | | Donating your car to charity is unquestionably |
| tax deduction. | | | | something which you should think about. You'd not only |
| 1. Any type of vehicle may be donated, such as trucks, | | | | be providing a useful item to people that are needing |
| vans, motorcycles, boats, even campers. | | | | assistance, but you would also in addition have the |
| 2. The catch is that the value of the vehicle has to | | | | ability to save a little money with the car donation tax |
| offset the entire cost of towing it, if it no longer runs. | | | | deduction you'll be receiving. |
| Most charities in the U.S. will hire a licensed towing | | | | |