Car Donation

Now if you’re thinking about donating a car to a charity you may want to keep following tips in mind. A car donation tax deduction can benefit not only you and the charity but a person in need also. Charities have the option of using donated vehicles for their own use, for providing transportation for volunteers or for charity-related activities such as picking up supplies etc. Changes in the laws limit the amount the donor can receive for a used car donation to the actual price that the charity sells the car. So if the charity turns around and sells the car instead of using it for transportation then the charity must give the donor certification that the car was sold at what is called “arms length” between parties who are unrelated. The charitable car donation organization might also be required to provide certification to the donor showing how it plans to make use of or improve or repair the car or other vehicle and also that it promises it won’t sell or transfer the car to another person. In the US, the federal government imposes penalties on charities that provide fraudulent acknowledgments.

Then if you think or know your car or other vehicle is worth less than $5,000, you can use the Kelley Blue Book or a little guide book from the National Auto Dealers Association to figure out the market value. You can find these guides online or at your local public library. You must use the correct figures for the mileage, date and exact condition of your car – document this as much as possible. It’s important to remember, that you as the donor, not the charitable organization, are responsible for determining the value the car. It is you who will pay any penalties if the IRS challenges your figures through. There are many reputable lesser-known as well as the more well-known charities such as Target, Purple Heart, Kidney Foundation, Salvation Army and Goodwill Industries.

It’s are just a few of the best tips you should know about if you plan on donating a car, truck, RV, airplane, boat or other vehicle. Armed with these facts you can start to make an educated decision about whether you want to go ahead and donate a vehicle and get a nice car donation tax deduction. Here tips on choosing the best donate car llinois, veteran car donation, used car donation illinois or charitable car donation online and offline go to http://vietnamveteranscardonation.com/ for charity and tax deduction tips, help, facts, reviews, including information on all types of car donation