Car Donations

car donations

The car donation process to a charitable organization is simple. All you need to do is call the charity and someone will come and pick up your vehicle, or tell you where to bring it. Gifts of vehicles. In many instances, you’ll get far less by donating your car than by selling or trading it in. The IRS allows you to deduct only the charity’s actual selling price, and requires you to attach a statement of sale to the tax return. If the charity uses your car, rather than resells it, you are entitled to deduct the vehicle’s fair market value

Car Donations

Just as if you were selling your car as a private party, when you donate your car to charity, you’ll need to satisfy some requirements with your state’s motor vehicle division.
1. Completing a title transfer.
2. Canceling your registration.
3. Completing a notice of transfer/release of liability form.

The IRS has changed how much you can write off on your donated cars. Now, instead, you can only claim the amount for which it is sold or the fair market value.
Motor Vehicle Donation Procedures.

[contact-form][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Telephone’ type=’text’/][contact-field label=’Comment’ type=’textarea’ required=’1’/][contact-field label=’Vehicle Manufacturer’ type=’text’/][contact-field label=’Vehicle Model’ type=’text’/][contact-field label=’Vehicle Year’ type=’text’/][contact-field label=’Vehicle Location’ type=’text’/][contact-field label=’Estimated Vehicle Value’ type=’text’/][/contact-form]