CARS

Auto-Insurance, Car-Donation, Car-accident-lawyers…

Give Your Excess Car To Charity

Give Your Excess Car To CharityDonate a car and make a difference in all their lives who cannot afford it. Apart from pleasure of contributing significantly it also gives you great relief as car donation is tax deductible.
Car donation is a wonderful idea but there are certain rules one must abide by them.

The car must be in a proper working condition. All cars donated goes through an auction with the proceedings going to a car donation company or website. Certain cars are given away to the less fortunate people but there are some rules to it too. One can not only donate cars but trucks, and vans. Car donation websites or companies then arrange for free vehicle pick-up whether your car to donate is running or not (in the later case money is deducted for servicing).

People prefer car donation instead of selling them themselves for the following reasons:
· 1. It avoids hassles and confusing Department of Motor Vehicles paperwork.
· 2. Car donation qualifies for an IRS tax deduction.
· 3. No need for advertising online or in print media. So money stays in your pocket.
· 4. One doesn’t need to show his car repeatedly to the buyer.
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Charity Car Donation - Which Charity Should You Choose?

Which Charity Should You ChooseIf you have done any research into the area of used car donation programs then you will know that there are many charities that are able to receive your car as a donation. Many are eager to take your vehicle from you but you can’t decide which one is right charity to donate to. After all you only have one car to donate and you want it to make a difference. So how do you choose which charity is going to be the worthy recipient? There are a few different approaches you can take. You could:

Pick a random charity

The dartboard approach may be as good as any, especially if you believe that all charities are equally deserving of the money and will all put it to good use. Then your only choice is whether you would prefer to select a national charity or one that is solely focused on the state or city you live in.

If this strategy appeals then bring up a list of charities that accept car donations for the region you’re interested in and settle on the first name that jumps out at you.

Select one you have an affinity with

If your Aunty Betty died from cancer then you may feel that donating your car to a cancer research foundation to enable them to continue the ongoing search for a cure is a meaningful outcome for your used car donation. Or perhaps you have had a health scare yourself and would like to think that if you did happen to develop the disease that all available resources were being devoted to a cure or remedial medicine.
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Catholic Charity Car Donations

Catholic Charity Car DonationsCar donation is a noble gesture since it can make a difference in someone’s life. Most Catholic charity houses depend solely on donations. Many people donate money or clothes to charities but donating a car is something that is rapidly picking up. Donating a car allows you to get rid of an old car-hassle free and can also provide certain savings on your tax forms.

Car donations made to some Catholic charities are tax deductible. You can claim the car’s fair market value if the car is worth less than $500 or if it is in good working condition. You can claim deduction equal to the actual sale price of the car is the car is worth more than $500. The charity house should be a qualified, 501(c)3 IRS registered charity since only such programs are eligible for tax deductions. Information about such charity programs can be obtained from the IRS website or in the Publication 78 that is available at most public libraries.
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What to Consider When Making a Used Car Donation

tax break will only be given if the car is donated to a nationally recognized charityMaking a used car donation can help many people. If someone died or moved and they don’t want their car anymore, donating it is a great way to give back to the community while disposing of the vehicle.

Many used car donation services will pick up the used car for free and take it to the charity. Check your local telephone directory for such services and also search the internet. These services are not in many small towns yet but most large cities can coordinate the deal for you.

It is important to check with the IRS before making a used car donation. There are a few forms that will need to be filled out. The web site can also give an estimate as to the car’s worth.

The number will probably be different from its blue book value, so be sure to check the web site out before giving the car away. In some states, a tax break will only be given if the car is donated to a nationally recognized charity.

A complete list is available on the web site. Filling out the forms incorrectly could result in not getting the tax break. Once the paperwork has been filled out, get a receipt from the charity the car was donated to. This is the proof that will be necessary when claiming a charitable donation on a tax return. The IRS web site will provide all the information to donate the car and get a tax break.
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Car Donations and charitable donations

donate money or car to a charityThe modern society, with its distinct wealth-based classes has always prided itself with a strong inclination to charity. From fundraising events to church donations, charity has become a way for helping others but also a way to get rid of some taxes. The tax benefit one gets from donating for charity is roughly proportional to the value of the donation of course. Lately, a new “charity trend” has formed, especially in the United States and Western/Central Europe, that of the car donation.

Car donations are practically give-aways of no longer wanted or heavily used cars, to charity organizations, individuals, companies or even institutions. In the United States, the tax benefit from such car donations is among the highest you can get from donations; hence the practice of giving away your old car when you buy a new one has become very popular. Usually, the charity organization you will donate your car too will evaluate it and set an estimative value for it, which will determine this tax reduction. For values that are under $500, the value of this reduction is set by the donor’s own estimate of the car’s value. Deductions for donations over this amount are usually limited by the selling price of the vehicle. The vehicles are either sold in auctions or through direct marketing. Read the rest of this entry »

Car Donation Programs And Tax Deductions

tax deductions auto charity donationMany of us look at taxes as burdens imposed on our citizenship. Life is difficult enough, many claim, and taxes make life even more of a hassle. Lots of people may go to the extent of wishing taxes away. Taxes are considered a burden to virtually everyone.

But a closer look says that taxes lay the groundwork for the social services that are provided in this country. Over and over again, it has been said that taxes support the government. Taxes provide our government with the money needed to run social security programs sorely needed. Through the taxes we pay, infrastructures are built. Every taxing season, social services are funded by the taxes asked from us. National defense is also supplied through tax money.

The government is not an authoritarian entity that doesn’t take care of its citizens. Although taxes are pesky, it offers all of the social services needed to run this country to the fullest. To ease the burden of tax obligations, the government gives allowable tax deductions for qualified citizens. These tax write offs are dependent on certain conditions which give a feeling of humanity to their nature. Read the rest of this entry »

Charity Car Donations

car-donation, charity, taxesTerm “Charity Car Donations” is self explanatory about the aim of the donation. When you want to donate large amount on charity donations ‘charity car donation’ gives you one of the best options. Vehicles received by charity groups and non-profiting organizations are used for providing assistance to need and helpless people. You can sponsor a new car or donate your used car for this purpose.

Why Charity Car donation?

Charity car donation provides you an opportunity to serve the needy people. You may think that this opportunity is your moral duty towards mankind. You should not think that charity car donation means only cars will be accepted as donation. Some organizations accept other vehicles like trucks, vans, trailers and boat as donations. These donations are basically used for the purpose they are meant for like vans are converted into ambulance etc. Some vehicles are given to professional auctioneer for selling it and proceeds received from such auction are submitted for the cause of charity. Read the rest of this entry »

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