Donate a Car, Boat, Motorhome, RV, or Truck to charity and receive the Maximum Legal Tax Deduction - fast handling of Car Donations and more!
When you donate a car, boat, truck, RV, aircraft, yacht, snowmobile, Jet Ski, motorcycle, heavy construction equipment, or other property to your favorite trusted charity -- our car donation service is fast, easy and hassle free! We pickup nationwide for some of Americas finest charity chapters such as Special Olympics, Ronald McDonald Houses, Red Cross and more -- and there is absolutely no charge for pickup of accepted vehicles. If you’ve ever had the thought, “Maybe I should donate my car or used boat?” -- You can quickly receive a free evaluation to make sure your potential car donation will be profitable for your selected charity:
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Sunday, May 11, 2008
Car donation - IRS rules
Car Donation Tax Deductions
You used to be able to write off the fair market value of a car that you donated to charity. Times were good. Lots of people happily donated their cars and got a decent tax deduction.
Unfortunately too many people were taking advantage of this by exaggerating the value of their car and the IRS didn't like losing that much money. Now you can only claim the amount that the charity sold the vehicle for (if they sell it).
Unfortunately many of these cars are sold at auctions for pennies on the dollar. There is a provision that says you can write off up to $500 as long as the vehicle is worth more than that, even if they sell it for less. If your $2000 car sells for $300 at an auction, you can only write off $500, which means you still lose a lot of money. While this is good for the people buying the cars, it is not good for vehicle donors from a financial standpoint. If however the charity uses it or gives it to someone in need then you can in fact write off the fair value. That can make a difference of saving $60 worth of taxes or $700+, so exploring the options is worth the effort. One alternative is to sell the car yourself and donate the money to your favorite charity instead. On the other hand, if you don't have time to sell it yourself, are just trying to get rid of the car, or don't care if the charity gets $2000 or $300 from it, then by all means donate it. There are dozens of charities that will happily show up at your house and pick up the vehicle as long as it meets their requirements. If you are just trying to offload a broken car that is missing an engine, doesn't run, or is otherwise worthless, most places won't take it.
Other Resources
For more information about car donation tax deductions check out this article.
Or the IRS publication for car donors (PDF file). This is highly recommended as this information is straight from the government and is an easy read.
You used to be able to write off the fair market value of a car that you donated to charity. Times were good. Lots of people happily donated their cars and got a decent tax deduction.
Unfortunately too many people were taking advantage of this by exaggerating the value of their car and the IRS didn't like losing that much money. Now you can only claim the amount that the charity sold the vehicle for (if they sell it).
Unfortunately many of these cars are sold at auctions for pennies on the dollar. There is a provision that says you can write off up to $500 as long as the vehicle is worth more than that, even if they sell it for less. If your $2000 car sells for $300 at an auction, you can only write off $500, which means you still lose a lot of money. While this is good for the people buying the cars, it is not good for vehicle donors from a financial standpoint. If however the charity uses it or gives it to someone in need then you can in fact write off the fair value. That can make a difference of saving $60 worth of taxes or $700+, so exploring the options is worth the effort. One alternative is to sell the car yourself and donate the money to your favorite charity instead. On the other hand, if you don't have time to sell it yourself, are just trying to get rid of the car, or don't care if the charity gets $2000 or $300 from it, then by all means donate it. There are dozens of charities that will happily show up at your house and pick up the vehicle as long as it meets their requirements. If you are just trying to offload a broken car that is missing an engine, doesn't run, or is otherwise worthless, most places won't take it.
Other Resources
For more information about car donation tax deductions check out this article.
Or the IRS publication for car donors (PDF file). This is highly recommended as this information is straight from the government and is an easy read.
Donate your car to charity car donation
Donate Your Car To Charity
Welcome to Donate Your Car To Charity car donation!
If you have been considering giving an unwanted vehicle to one of the many available donation programs this site will point you in the right direction. Use the menu on the left to get more information about making a car donation or pick to the charity you are interested in making a donation to. It is also possible to give donations of other types of vehicles such as trucks, boats, or airplanes. This is a great way to help out people that are in need, and has tax deduction benefits as well!
Car Donation Tax DeductionIt used to be that you could deduct the fair market value of your charitable car donation from your taxable income. The "market value" however is not the blue book value, it is usually lower. Unfortunately some bad seeds ruined it for the rest of us and the tax laws were modified. Now you can only deduct the amount of money that the charity sells your automobile for, which is considerably less. This is very important to know because it is a deal-breaker for many potential donors. You can still deduct the full value of the car if it ends up being used or given to someone in need rather than sold. This is an incentive for people with nicer vehicles to give. Overall however it seems that trying to sell the car yourself will almost always end up making you more money than you save in taxes. This process has been made much easier by sites like eBay Motors. This is a much better option than getting ripped off by a dealership using it for a trade-in on a new vehicle. Of course if making money is not your goal and you just feel like being generous, by all means, use the menu on the left to find a good home for your old unwanted car, boat, RV, etc! You might find that in order to maximize your donation, it works better if you sell it yourself and donate the cash. Of course doing so takes a lot of extra effort which many people don't have time for. Whether you're in California, New York, or anywhere in between there is sure to be a program nearby eager to be helped out by your generosity!
Car Charity Scams Unfortunately there are some scumbags out there who will be more than happy to take your donation off your hands and there's a good chance that it will never end up helping those in need. Be sure to thoroughly research any charity you are considering donating to. A simple Google search should be able to give you more than enough confidence to know your vehicle will end up where it is needed.
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Welcome to Donate Your Car To Charity car donation!
If you have been considering giving an unwanted vehicle to one of the many available donation programs this site will point you in the right direction. Use the menu on the left to get more information about making a car donation or pick to the charity you are interested in making a donation to. It is also possible to give donations of other types of vehicles such as trucks, boats, or airplanes. This is a great way to help out people that are in need, and has tax deduction benefits as well!
Car Donation Tax DeductionIt used to be that you could deduct the fair market value of your charitable car donation from your taxable income. The "market value" however is not the blue book value, it is usually lower. Unfortunately some bad seeds ruined it for the rest of us and the tax laws were modified. Now you can only deduct the amount of money that the charity sells your automobile for, which is considerably less. This is very important to know because it is a deal-breaker for many potential donors. You can still deduct the full value of the car if it ends up being used or given to someone in need rather than sold. This is an incentive for people with nicer vehicles to give. Overall however it seems that trying to sell the car yourself will almost always end up making you more money than you save in taxes. This process has been made much easier by sites like eBay Motors. This is a much better option than getting ripped off by a dealership using it for a trade-in on a new vehicle. Of course if making money is not your goal and you just feel like being generous, by all means, use the menu on the left to find a good home for your old unwanted car, boat, RV, etc! You might find that in order to maximize your donation, it works better if you sell it yourself and donate the cash. Of course doing so takes a lot of extra effort which many people don't have time for. Whether you're in California, New York, or anywhere in between there is sure to be a program nearby eager to be helped out by your generosity!
Car Charity Scams Unfortunately there are some scumbags out there who will be more than happy to take your donation off your hands and there's a good chance that it will never end up helping those in need. Be sure to thoroughly research any charity you are considering donating to. A simple Google search should be able to give you more than enough confidence to know your vehicle will end up where it is needed.
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Tuesday, January 8, 2008
DONATE JEWELRY
CAR
DONATION – CAR DONATION - BOAT DONATION - BOAT DONATION - BOAT DONATIONS - BOAT DONATIONS - CAR DONATIONS - CAR DONATIONS - ANTIQUE DONATION - DONATE ANTIQUES - DONATE A CAR - TRUCK DONATIONS - DONATE BOAT - DONATE JETSKI - DONATE CLASSIC CAR - CLASSIC CAR DONATIONS - CHARITABLE DONATION - CHARITABLE DONATIONS - RELIGIOUS ORGANIZATION - REAL ESTATE DONATION –
DONATE REAL ESTATE - FAIR MARKET DEDUCTION - DONATE
Saturday, January 6, 2007
DONATE A CAR - CAR DONATION - www.onlinecardonation.org - 100% Tax deductible! 1(888)228-7320
 | Car donation and vehicle donations benefit Online Car Donation part of the "With Causes" charitable network in the United States. Our charity car donation program is very simple and usually completed within 72 hours. New and used car donations boats trucks and more. Free towing. Free Vacation Voucher with every car donation. Donate Motorcycles All charity car donations are tax deductible. 1-888-228-7320 |  |
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| © 2006 Online Car Donation Inc.- All rights reserved. Site Map | US State Site Map | Partners | Donate Boat - Works of Life Online Car Donation is part of the With Causes charitable network Simply complete our online car donation form or call us toll free at 1-888-228-7320 anytime to schedule a pickup. No one is useless in this world who lightens the burden of others. Charity - Car Donation Do's and Dont's Click Here! |
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