How to Donate Your Car to Charity | Used Car Donations

1 Star2 Stars3 Stars4 Stars5 Stars (Click to Rate)
Loading...

When donating a car to charity, make sure the charity is legitimate by ensuring that at least 75 percent of the proceeds from the car go to actual charity funding. Provide information on the car for a tax receipt and transfer the title to the charity with tips from an employee of the National Kidney Foundation on used car donation.

ALSO READ:  How To Upgrade Infinix Note 4 To Android 8.0 Oreo

In cities across the U.S., public transportation is unreliable. For people without cars, that can mean no access to work, school, or other locations. Donating your car can be a wonderful way to help someone improve their situation.

Step 1: Research charities
Research charities that accept car donations. Make sure you do some leg work to find a reputable charity. You can do a lot of this research online. A good way to find out a little about the charity is to contact the Better Business Bureau. There are several options, especially in large cities like New York, New York and Los Angeles, California.

ALSO READ:  How to Tweak Imei On Any Android Device

Enter Your Email Address To Receive Free Updates!!!

Tip
When looking for a place to donate your car, avoid using intermediaries, who might keep up to 90 percent of the donation value.

Step 2: Check tax status
Check to make sure the charity you choose is certified as eligible by the IRS so you can receive a tax deduction. Search Publication 78 on the IRS website. You can also call the IRS Tax Exempt/Government Entities Customer Service telephone number.

Tip
Deliver your car to the charity if you are able to — it saves the charity money and time.

Step 3: Determine the value
Determine the value of your car. Use a used-car buying guide and follow their step-by-step instructions on adjusting value based on mileage and other conditional factors. The IRS has Publication 526, “Charitable Deductions” and Publication 561, “Determining the Value of Donated Property,” which help assess a fair value.

Step 4: Keep good records
Keep good records of your donation. If your car is worth $500 or more, fill out IRS Form 8283 and attach it to your tax return. Keep all of your receipts and other information organized and easily accessible.

Step 5: Pay attention
Pay attention to all the details of this transaction. Not only will your donation be a huge help to someone who needs it, it will also provide you with a tax deduction. It often does pay to help.

Watch Video below for more

Get Our Hottest Updates via SMS. Kindly SMS FOLLOW GURUBASICS to 40404. On Any Network. It Is Totally FREE. Download Our Android App From HERE
To Submit Your Guest Post Or Sponsored Article, Enter HERE. Click HERE To Our Join Telegram Group
wizytechs blog-bg
Subscribe To My YouTube Channel For Latest Football Gameplay Videos... Click HERE
Join GuruBasics Telegram Channel For your latest free browsing cheat, tech news, phone reviews, tutorials and many more by clicking HERE
Download Our Android App HERE
1 Star2 Stars3 Stars4 Stars5 Stars (Click to Rate)
Loading...

Enter Your Email Address To Receive Free Updates!!!

4 Comments

Add a Comment
  1. Nice information bro, its good to know

  2. bro nice write up

  3. Pretty great post. I simply stumbled upon your weblog and wanted to say that I’ve really enjoyed surfing around your blog posts. In any case I will be subscribing in your feed and I’m hoping you write again very soon!

  4. great post, very informative. I wonder why the other specialists of this sector do not notice this. You must continue your writing. I’m confident, you have a huge readers’ base already!

Leave a Reply

Your email address will not be published. Required fields are marked *

GuruBasics © 2018 Frontier Theme