Used Car Donation

If you're looking for a great way to help your favorite charity you should consider used car donation. This is a definite option for anyone who wants to do a good deed and has an old car they no longer drive. Donating a car is an easy way to get an old junker hauled off your property for free. Often you can find a car donation service that will come and take the car away at no cost to you. This is ideal for anyone who has a vehicle that isn't worth selling but isn't worth junking either. Both the car owner and the charity will benefit from the donation.

The IRS allows a deduction of up to $500 for car donation without documentation of the sale. If the charity to which you've deducted your vehicle sells the car for more than $500 they can provide you with a letter stating this fact so you can deduct the actual amount. If you have questions about the tax benefits of donating a vehicle you should contact the IRS directly or speak to a tax professional. Of course along with the tax deduction you will get the personal benefits that come with helping others.

Your donated vehicle may be used to help the charity run errands. Or, it may be sold and the proceeds used for the charity. Car donation services often work with many different charities and let you choose which one you want to donate to. It's easy to donate your vehicle to a charity organization. You simply hand over the car and keys and have your paperwork transferred to the charity. The charity then becomes the owner of the vehicle. From there the only thing left for you to do is include the transaction on your next tax return.

If you don't want to use a donation service you may be able to give a used car donation directly to the charity of your choice. The first step is to contact the charity and simply ask them if they take cars as donations. Most every charity will say yes, because a donated car can help in a variety of ways as described above. Donated cars can be helpful for most any cause imaginable, from helping the homeless to saving wildlife and everything in between. With a little research you should be able to find the ideal charity or donation service you want to use.

Technorati Tags: Car Donation, Help a Good Cause with Used Car Donation, Used Car Donation