| Car donations have become a great way to help charity.People simply offer their unwanted vehicle to a charity.The charity either has a lot where the car is sold or hasan auction company take care of the sale. In the United States car donations are tax deductible. Thishas made car donations very popular. The IRS even has aform just for those wishing to get the tax deduction. Alsothe charity you are going to donate to have to have "nonprofit" status with the IRS. In 2000 nearly 3/4 of a million people donated their carswith a tax savings of over $650 million. Generally when thevalue of the donation is under $4000 the donor determinesthe value. While donations over this value are sold and thedonor gets the to right off the actual value the car soldfor. In the US donations are accepted in all 50 states. Pick upof your vehicle often occurs within 24 - 48 hours afterarranging your donation. You can even donate your car if itisn't operating as long as the value is more then the costto have it towed. Donations aren't limited to only cars. Trucks, vans, RV's,trailers and boats are also accepted as donations. If youhave any questions about if your vehicle will be acceptedas a donation it is best to call a registered charity. Some of the charities that benefit from car donations are:1. Red Cross2. Habitate for Humanity3. Boy Scouts4. Cancer Research Institute To name a few. For a complete list of charities that benefit from cardonations can be obtained by doing a search on any majorsearch engine. |
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