Monday, September 21, 2009

Donate Cars

Helping out the less fortunate ones of the society is always a good thing. By simply donating your unused car to a charity can improve your karma by helping the less fortunate ones and your wallet as the process is a tax deductible one.

You will find hundreds of websites that deal with car donation. You just have to browse the net for a while and select the best possible one. The websites have information about charities in your locality and will assist you with the process. Additionally, these websites have a strong "Frequently Asked Questions" section that deals with laws regarding tax-deductions, phone numbers and addresses of charities in your state.

Donating a vehicle to your selected charity is an extremely easy process. The charities that accept car donations actually take any kinds of vehicles, including boats, broken cars and RV's. A little emphasize is given on condition of the vehicle. If the vehicle is worth more than the price of towing, they will take it. You have to fill out the IRS form 4303, if you want tax deduction from the deal.

Value of the deduction varies, depending on the value of your car. There are thousands of car donation programs available in the country, some support local non-profit radio, TV and newspapers, some support humanitarian causes.

If you have an old-beat up car that you do not use anymore, why not donate it. It will surely help someone who is in need, and the move will get you a little more notes back from the tax personnel.
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Saturday, March 7, 2009

Used Car Donation

The Concept of Car Donation

Some of us have older vehicles sitting around in the yard or in the garage without doing any good to anyone. Collecting dust is the only thing that these vehicles are doing. We do not consider selling them as we feel it is not worth the time and energy. After all, how much cash will it bring?

There are actually organizations that accept these vehicles as donations and use the fund to run their services that do a whole lot of good to our society. As a generous contribution, these donations could truly make a big difference. The charities and non-governmental organizations, that take the donations, make arrangements to pick-up the vehicle at no cost to the owner.

They also care enough to handle the title transfer requirements and provide the owner with a tax deductible receipt as vehicle donations made to charitable and non-governmental organizations are tax deductible according to the full scope of the law.

However, tax situations may vary from donor to donor, depending on the condition of the car, which is being donated.

According to the law, the IRS allows the donor to claim a tax subtraction of the worth of the vehicle up to $500.

Most of the charities generally do a good job of selling the car on a fair market value; meaning we can receive a bigger tax deduction value for the car.
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Friday, February 13, 2009

Donate Car Charity

Choosing the Charity For Donating Your Car

The process of donating your car to a charity is easy and straightforward. You simply have to choose the organization and call them up or meet them in person. They will take necessary information from you along with your address and phone number.

The Charity will tell you where to bring the car to make the donation. If you want, they can arrange a pick up as well. In the time of the delivery, the charity will give you a receipt.

Choosing the right charity is important. You should go through a series of investigations before donating your car. The best way to search for a charity is by browsing the internet. You will find hundreds of websites that deal with car donation.

The websites have information about charities in your locality and will assist you with the process. Additionally, these websites have a strong "Frequently Asked Questions" section that deals with laws regarding tax-deductions, phone numbers and addresses of charities in your state.

You should find out, whether the money from the sale of your car will be used within your locality or outside. You might have a preference for your own society and willing to donate the car to a charity that will use the fund for betterment of your surroundings.

You should also find out about the programs and services the charities offer. There are thousands of charities available in the country providing wide range of services. You should select the one, which you feel is providing the best service and actually contributing much to the society.
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