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When tax time rolls around it can be a great idea to donate your  car to  receive a good-sized deduction when you do so. This can turn that extra car in your driveway into something that generates twice worth while letting you feel good about helping your community. The donation of an automobile to a non-profit group enables that group to transport people who otherwise would be unable to go grocery shopping or run other errands. The availability of steady car donations enables many of these groups to function, without them they would be unable to perform essential tasks. There is a lot of need for those who are willing to  donate to  organizations that are in need. As the world economy continues to experience trouble there will be greater and greater tax break incentives to part with things you no longer need in order to receive a write off. Car donations in particular will provide a huge tax write off for those who donate cars that are of some value. The value of th...

Step #1 Make sure the organization is a registered 501(c)(3) charity or a qualified religious organization that can legally accept your donation from which you can rightfully claim a tax reduction. It is also advisable to find a charity that accepts vehicles without charging a removal fee. Step#2 Use the  Kelley Blue Book  or IRS Publications 526 (“Charitable Donations”) and 561 (“Determining the Value of Donated Property) to determine the fair market value of your car. If it’s worth $5,000 or more, have the car appraised by someone certified. Step #3 Receive a tax receipt with the charity’s name and federal tax number, date of donation, donor’s name as well as the year, make and model of the car that was donated. Step #4 Follow New York regulations on what to do with the title and plates after notifying the DMV and your insurance company that you no longer own or insure the vehicle. Your receipt and completed IRS Form 8283 should be kept in a safe place, you’ll be needing it ...

Nowadays, several people across the world face certain types of problems like calamities, economic crises and health problems. As the old adage says, it is always better to give than to receive, today is the perfect time to lend a helping hand to those needy individual. There are several charitable organizations today that aim to serve those people facing different type of problems, but they also need sufficient money to take their goal into action. One way of helping these charities in their fund raising drive is to simply donate used car.  Car charity donation  centers may accept car, van, boat, RV, motorcycle, trailer, and truck donation. There are several charity institutions to choose from, one best example is the Purple Heart car donation center, a more than 70 year old charity center that assists war veterans in their medical care. Another is car donation cancer, a  donation program  that intends to raise fund for cancer patients who cannot afford the various ...

All things have their benefits and disadvantages. In car donation, there are also some disadvantages on it. There are several advantages when you donate a car. Some of them includes the following: 1. Your taxes shall be reduced. However, this depends on the organization where you are going to donate a car.  Tax deduction  can only be availed by those who donate a car on recognized non-profit institutions. You can request tax reduction if you're sure that you have donated to a non-profit institution. 2. It is convenient. There are so many challenges if you try to sell a car. But if you select to have a car or boat donation, the organization will auction it and your donation will be disposed easily. The reason for it's because charity organizations have many connections and are linked to other organizations which make selling easier for them. They also pick-up your car from your home making it more convenient than taking it yourself to the organization to donate it. 3. You earn ...

Donation of used car is an easy way of disposing them without a lot of hustle. Critics in the United States claim that by donating a car is another way of tax shelter. When an individual decides to  donate used cars , it is easy to process ones lawful IRS deduction in tax, it is important to report to the required authorities when intending to donate in order not to cause confusion in the motor  vehicle registration  department. When a person  donate used cars  is an easy way of avoiding running up and down advertising and making phone calls trying to sell a car. Some of the advantages of donating used cars is that it helps find missing children, support decisions that make the community a better place for growing children and even avoid children going missing even in the first place. There are those organizations known as donation program where cars, trucks, boats and trailers may be donated. When a person decides to pledge a donation, the matter is taken up by...

Well, the first reason to donate your car is you don't have to worry about paying for the cost of the towing! That's right; most places you donate your car to will have it towed for you. All you have to do is call their number, have the owner's slip or  vehicle registration  when they arrive and your old car will be towed away without fuss. Another reason to donate your car is that you can get that old eye sore out the way, help your favorite charity and get a car donation tax deduction. Great isn't it?! Okay, so you have found a win, win situation. But you don't know how to go about selecting a charity to donate your car. Not a problem! First think of a group that you really want to help. For example: The youth. You look for a charity that specializes in helping the youth. The easiest way is to look in a charities directory in your local adds, or internet. Generally, if you call they will have the information available for you to donate your car.  Once you have fou...

If you have a car that you want to get rid of and want to purchase a brand new one, make sure that you donate your car to a  good cause  rather than selling it off at a low price. If you have been thinking about what to do with your old, damaged car you should consider giving it to leading service providers handling car donations. If you donate your car instead of selling it off, you will be able to help certain people who are in need of food, shelter, and money, as well as receive a tax credit. The best providers of car donations take possession of these  donated cars  and sell them off at an auction and the price that is earned is donated to charities to help people in need. Car donations are just a phone call away and the company arranges for your car to be towed to a yard. You do not need to worry about how to transport it to their location. Most providers of car donations do it all for you. The tow company will be sent to your place to pick up the car you will s...

The moment to invest in a brand new car has finally got here, but then you begin being concerned about the trade in worth of your current car at your car dealership. Or maybe your car is simply too  worn out  to be of any worth to you personally? Or you could possibly simply have an old car which is sitting in your drive way or garage for the reason that nobody is interested in driving it any longer? Well, for practically all of the above mentioned concerns you will find a solution. Perhaps you must begin considering the concept of donating your old and unwanted car, if for instance, it is still in a functioning condition, but just in the way and old. This can help you getting rid of that old piece of junk, yet on the other hand, that old piece of worthless junk may benefit the charity which you donate it to. Donating a car has turned into a very popular method of giving, but while doing so receiving. There are lots of individuals as well as corporations these days that once t...

Everyone has an intention to collaborate and contribute to the social growth of the children in one way or the other. It does not require a lot of money or big empire to do so. All you need is a big heart and a pious intention for the cause. With just a small step in the form of a car donation, you can change the life of at least one small child. The car which has been used by you for decades or years may not hold any value for you but for a small child, it means access to a better childhood. It means access to education and healthcare facilities. Your small step will bring smile to at least one face. So  donate my car to charity   will help  not one child live a proper life but Children welfare. Effects of your donation Due to your donation of a car, at least one small child will get access to basic facilities like education,  health care and  food. Your car donation will help the underprivileged and children with disadvantageous situations. It will involve the...

Car donation programs  have witnessed equal number of successes and flaws in the recent time. Existence of genuine car donation centers and scammers has put a question mark on the fairness of these service providers. Constant warnings from IRS and sufferings from  car donation scams  have issued an alert for the car donors thinking to hire these intermediaries. Not every car donation centre is associated with frauds and one can gather useful information to choose a genuine car donation centre. Here is a complete discussion on this. What Types of frauds? Here are some ways that can indicate the car donation companies to be fraudsters: • First of all, the companies advertising tax deduction advantage on  car donations , equivalent to the market price of the vehicle have less standing for their legitimacy. • Second, the companies that offer a diminished fraction of their earning from the car's sale to the charity should be considered as scammers. One of the main aims of...

A car donation is an ideal way to get rid of an old car. When donating a car, all you need to do is to get in touch with a  car donation services  outfit and it will take care of all the aspects of your car donation. Donating your car to charity comes out easier and faster than selling your old car to the market. A good thing about making a car donation is that you are able to help people in need and at the same time gives you tax rebates in return. The government gives you a proportionate deduction from your taxes equivalent to the amount valued from your car donation.  It is important that before you actually make a car donation, you first determine the actual amount of tax deduction you will be getting. In the case of the United States, there is a revised  federal tax law  on car donations where you will find the amount of car donation tax deduction due you. In this law, there is discussion on the two possible amounts for your car donation tax deduction, and ...

The Vehicle Donation Processing Center, Inc., reminds taxpayers that the last extension for filing 1040 tax returns ends October 15, 2010, for the 2009 tax year. Taxpayers with open extensions can still claim a 2009  car donation   tax deduction  if they chose to donate a car in 2009 through the Vehicle Donation Processing Center. All they need is the receipt they obtained when making the auto donation. Sometimes the receipts become lost or misplaced between the date when one chooses to donate a car and the actual tax return filing. If that's the case, the Center will gladly replace any receipts issued. This is also a good time to think about 2010 taxes, and  donate a car ," says Harvard E. "Pete" Palmer, Jr., cofounder of the Vehicle Donation Processing Center. Taxpayers can donate a car (or other vehicle, such as a truck, RV, or boat) before December 31, 2010, and receive a charitabletax deduction on the tax returns due next April. The Vehicle Donation Pr...

There are  good  car donation centers and there are some not so  good  ones you can donate your car to. In 2010, the attorney general for New York State launched an investigation into several possible "scam" car donation charities in the New York City area. One car donation center was actually shut down because it used less than two percent of the money from car donations for charitable purposes. You can easily find out whether the car donation charity you are thinking about donating your car to is a  good  one or not a  good  one. You can check them out through the attorney general's office for  your state . You can also check them out through the internet. With all of the really  good car donation centers out there you can donate car to, there is no reason to choose any center that is not  good . Once you do find a  good  charity to donate car to, you will feel  good  about your decision. Your car donation will...