Car Donation Helping You Help Those In Need

Once the car is at the donation center the center will find a match for your car. There is always someone who cannot afford to buy a new or used car that is looking for a car because they need it to get to work or to get to school. These people will contact the donation center sometimes through other charities and sometimes through churches. The recipient of your car will no doubt be very thankful that you donated your car instead of having it brought to the dump to become an unusable heap of metal. You will also be thankful that your car donation tips is tax deductible.

With part of their investigation focusing on the tax year 2000, results came in claiming approximately 6% of all noncash contributions over $500 reported on returns that year were for vehicle donations. Their analysis estimated vehicle donation deductions lowered taxpayers' income tax liability by $654 million that year alone.

Car donation is the ideal way to get rid of that vehicle you no longer need, while bringing great benefits to those in need. Selling that old car might earn you a few dollars to add to your wallet, but car donation will help those same few dollars make a real difference.

Another cancer charity you can donate your car to is the Ovarian Cancer Research Fund. Their mission is to fund research into the diagnosis, treatment and cure for ovarian cancer.

What kind of receipt for tax purposes will I receive? The answer depends on what the charity does with your car donation. If it the charity plans on using the car, repairing it or giving it away, you should receive at letter indicating those intentions. If the charity sells your car donation for more than $500, they are required to provide you with IRS Form 1098-c. If your car donation is sold for less than $500, the charity is simply required to provide you with a written acknowledgement of your donation. For complete details, see IRS Publication 4303.

Some charities you may to think are; local food pantry or food bank. You will recognize that your old car is doing something good for somebody who needs help. It provides you with a great feeling by helping someone in desperate need.

Children's Cars (childrenscars.org) also has multiple locations all over the country, servicing over 50 states, and can be reached at 1-866-770-5463. They tow the car at no charge and you receive a three-day, two-night free hotel stay. The donation is tax-deductible.

The most commonly committed error is the mistaken identity. What? Well, people usually mistake car donation services for the charity themselves, and herein lies the ambiguity of the matter. When you go to Google and type in 'car donation' you end up with pages and pages of websites all claiming to 'work for the common good'.