| There are charitable organizations that help the poor | | | | charitable organization, one must make sure that the |
| and the less fortunate. And these kind of organizations | | | | organization is eligible to accept such a donation. One |
| rely mainly on donations and whatever cash and | | | | can only avail of a tax deduction if one donates it in |
| resources that they can raise through various activities. | | | | the proper way and observes the procedures |
| They accept donations, whether in cash or kind, and | | | | specified by the law. |
| even car donations. | | | | Donation donors can get the necessary documents |
| The practice of donating vehicles like cars to charities | | | | from the IRS and can help them determine the eligibility |
| is not a new practice. But it was only recently with the | | | | of the target charity and the eligibility of a donor to |
| new enacted tax laws that the law became clear on | | | | avail of tax deduction. If a charity is not eligible to |
| how one can avail of car donation tax deduction. | | | | accept donations like cars and other vehicles, a donor |
| So if you have an old car and you are planning to buy | | | | will not be able to avail of a tax deduction. |
| a new one and you want to free up the garage | | | | And for one to avail of a donation tax deduction, there |
| space, you could donate it to charity and avoid all the | | | | is some paper work that needs to be done. There are |
| hassle. Look for a charitable organization that is eligible | | | | charities that help with the whole procedure especially |
| to accept donations so that you can avail a car | | | | by processing the car donations made to them and |
| donation tax deduction. | | | | give their donors tax deductible receipts. |
| By donating your car to charity, you can avail of a tax | | | | A written acknowledgment from the charity is then |
| write-off and you can also help the charity's charitable | | | | needed to be filed together with the donor's tax |
| activities in the process. With a single act, you can do | | | | returns for one to avail of the car donation tax |
| something good for your less fortunate fellowmen and | | | | deductions. And it is highly recommended that one |
| you can gain something for yourself in return, aside | | | | keep pictures and all the necessary documents handy |
| from the good feeling of having done something good. | | | | in case questions or problems may arise in the future. |
| And when really decided on donating a car to a | | | | |