| If you've been thinking about donating a car for a tax | | | | used car dealers do. Then some charities give the car |
| deduction and not sure how to go about it, here are | | | | to a needy person who would be without |
| some tips you should know. You want to be able to | | | | transportation if they didn't have the car and may need |
| donate the car, truck, RV, boat, motorcycle or other | | | | to get a job etc. |
| vehicle and get the best tax write-off while helping a | | | | So once you decide on whether you want to go |
| charity do its work. | | | | through a charity car intermediary or through the |
| You'll see many places advertise with big "Donate | | | | charity, it will simplify matters. If you decide to donate |
| Your Car" headlines. But, oftentimes you may have | | | | direct to a charity, you may want to pick a well-known |
| never heard of the charity or organization. Some may | | | | charity, a name you recognize. |
| be smaller charities, and many times you'll find they are | | | | In any case, you'll want to pick someone local so your |
| intermediaries who handle donated cars for charities. | | | | car can be picked up or you can deliver it if it's running. |
| If you go through one of the intermediary car donation | | | | Some charities require that it be running in order to |
| organizations, they'll be taking a sizable amount for | | | | accept it. Call the charity and find out what their |
| profit and it could be as much as 50% to 90%. They | | | | requirements are - what they intend to do with the |
| may handle a lot of the details the charity isn't set up | | | | vehicle and what paperwork they will do and what is |
| to do but this needs to be checked out. So if you're | | | | expected of you. The charities differ a bit on what |
| interest is in giving the charity the most amount of | | | | they require, etc. |
| profit it's better to go direct through a charity. If this | | | | You can get a good tax deduction when you donate |
| doesn't matter to you then you may want to go | | | | your car and that should be explored next. Newer |
| through an intermediary and their car donation | | | | laws have helped give people who donate cars to |
| program. | | | | charities, get higher tax deductions. This can add up |
| Some charities keep the car for transporting people | | | | and help considerably on your federal income tax |
| and goods on occasion. Some charities put them on | | | | return. |
| their used car sales lots and sell them much the way | | | | |