The US Government is making auto donations easier now with their new laws and regulations regarding the matter. Auto donations are becoming the most convenient way to get rid of old cars, boats, trucks, and even RVs. One of the reasons is that it allows donors to avail of tax deductions in exchange for their charity. You too can avail of these benefits. Here’s how to go about it.
Your old, rotting car
If you've had that car ever since you got your driver's license, then isn't it time you consider giving it away rather than keeping it in your garage for the sake of keeping a memento? This way, you don’t have to spend for expensive repairs just to sell it at a good price. Aside from that, you can use the money for repairs to buy a new and better car instead.
A simple yet noble act
Auto donations give you a good feeling of fulfilment. Not only are you earning “brownie points” to heaven, but you are helping the needy in the process. No flashy car can give you the satisfaction of having done something good while reaping benefits for yourself.
A meaningful cause
Charitable institutions have different goals in mind: some work to help sick children, some for typhoon victims, the disabled, and a lot more. Whatever charity you choose, you can be sure your car will go to a good cause. Find a charity that you can participate in for their vehicle donation program so your experience will be more fulfilling than what you can expect.
Tax deductions
Be careful in choosing your charity. Make sure you do a little background check on the charity of your choice to see if they are listed under the 501(c)(3) of the IRS Publication 78 which you can view online at the IRS website or read at any public library. Only charities of this type will qualify you for tax deductions.
Free pick-up and towing
Some charities offer free pick-up and towing of your vehicle. In most cases, the tow truck driver is going to give you your tax receipt upon pickup. This is because the charities are doing all the necessary paperwork to save you from any hassle. All you need to do is to sign up for their vehicle donation program, wait for the call from your local towing service, and wait for the tow truck to arrive to get your tax receipt.
Charities like The Children's Wish Foundation (http://www.childrenscharity.org) have a vehicle donation program that you can participate in. When you donate your used vehicle to us, you are helping us grant the wish of a seriously-ill child. Your car donation is going to help us fund our programs to grant the wish of a deserving child.
|