Make A Child Smile By Donating Your Car

When you think of helping children by donating to a charity, you think of naked third world children that are starving to death. Did you know that there are children in need in the United States? There are a few facts that may blow your mind about your own country. First, 1 in 50 children are close to being homeless, with that number growing as foreclosures rise. 42% of children who are homeless are younger than the age of eight. Can you imagine you being homeless at that age, or your child facing the world growing up homeless?

All of these are scary thoughts, and there are organizations available to help the children within the States. There are many ways you can help. You can donate your time, and volunteer to help a certain organization. You can pay money online to different charities or over the phone even. A newer way to donate, however, is getting rid of your old car. Giving away your vehicle is a great way to help raise money that can help kids throughout the United States.

Choosing the right organization will give you a great way for those who need to get rid of an old vehicle, to turn their dumpster trip into a donation. Any old car, truck, SUV or even trailers and boats are accepted by the these charities. Most of these organizations have no requirement for your vehicle to be in running condition. All you have to do is contact them, they collect the information, and take care of the rest for you.

Once you have decided that your old car is taking up most of the driveway, and hasn’t been used for a couple years, there are just a few steps to take. First, contact the organization and fill out their form. Within a reasonable time frame, they will pick up your vehicle wherever it is, and you won’t have to worry about it ever again. Another plus side to giving away your car, since it is a donation, is getting a tax return deductible from it as long as they are a registered charity.

The tax return and the car being towed away before it rusts all over your driveway aren’t the most important things to the whole process. The best part is in knowing that by giving away your old car, you can help the children in the United States have better lives. You will be helping those facing homelessness back away from the border line, and live normal lives. You will give back lives to those who have already lost their homes, and know that you are making a difference in the country you live in.

How To Donate Your Car Tips

Car donations can assist several people gaining the life`s fundamental necessities like shelter, clothing, and food. By providing relief as well as assistance, it can assist the pressed to a large extent. In making car donation, there are no hassles involved here, which is the most significant thing. Soon after the value of the car gets evaluated, cars that are not operated for years are received as well. When donating a car, the car`s title is very much significant. Note that in case the title is not available, the institution still capable of making important admission. In this regard, the Motor Vehicle Department from the state of the donor can assist this too. On the car, there should not be a lien.

There is no requirement for the donor to get the car driven to the charity institution. All is handled by the institution itself. The car will be towed away by the institution using a towing company with license, bond, and no cost at all. The towing company calls the donor in three to four working days at the soonest and arrange the place and time suitable for the two parties and then the towing of the car will be done. The donor has to make sure that there is no involvement of costs that is hidden. To call the institution to arrange the time of pick up, the donor has to fill out a form of online application. Car donations should be made to institution that is registered with the IRS as the institution with concern in charity. Tax benefit is another additional benefit from getting a car donated to charity. In case the car is received by the institution of charity in subsequent to the inspection of the car, a receipt for tax deduction is then issued. Below the income tax, donation is deductible. The sum of deduction might be the car`s value until the sum in which the car is sold or until $ 500, if bigger than $ 500.

By the time you do the donation, the car shall be free from private possessions and it has to be cleaned. Note that if the donor is not available at home at pick up time, then the keys must be left on the dashboard. The responsibility of the donor for all the problem of the donated car is limited until the car is picked up by the institution. The liability of the donor are the charges of storage and all of the prior fines. Soon when the car gets towed, it becomes the institution`s responsibility.

Car Donations In California

A California vehicle donation here in the “Golden State” may help someone in need in your own community. An entire family could possibly end up getting helped by your generosity. And you may even get a tax deduction along the way. But these are not necessarily the best benefits.

Are there special rules for donating my vehicle in California?

Just a few special rules for the CA DMV (Division of Motor Vehicles: You must leave the license plates on the vehicle (most states you are required to remove them), and you must fill out a Release of Liability form. This form can be downloaded from the CA DMV website or filled out in person.

A tax break is just the start: Depending on your situation, you could immediately free your premises of a possible eyesore. You might get additional parking space and/or regain space in your garage (or perhaps your yard). You’ll be able to circumvent the hassles as well as cost of having to refurbish an old motor vehicle in order to get it ready to sell – not to mention having to advertise it and find a buyer for it. These jobs are hassles and require your time to be able to complete them – your valuable time.

Free towing from your place: You may be thinking that repairing and selling your older car may get you a little more money as compared to donating it. Although this may be true, your car donation in CA can instantly take care of these time-consuming inconveniences. Remember your time isn’t free, yet most non profit organizations will tow your car or truck for you – and for free. So this really is like money in the bank for you.

Non-running vehicles often accepted: And if your car or truck is non-running – and maybe even up on blocks, it is still more than worth it for the charity: The salvage yard will pay the charity enough money to cover towing plus some leftover for the needy. And in case your donated vehicle is valued above $500 (figured through Kelly Blue Book or NADA), you can claim more than the standard five hundred bucks tax deduction!

Beware of bogus “charities:” California has many bogus car donation “charities.” Most of them are eventually busted and deactivated, but for every one that gets shut down, a new one appears. So how do you recognize which of them are legitimate?

One way is to check that any California charity you may be considering is registered with the state. Here’s a link to the CA Charitable Organization Financial Database search:

Another link from the Attorney General of California is the Registry of Charitable Trusts (RCT), which can be found on this page:

Charity ‘watchdog’ websites: It turns out the answer is really simple – An easy search online using at least one of the online companies which qualifies charities based on a variety of factors. Simply type the name of the charitable organization in the search box on the ‘charity watchdog’ site. Or you could query the California Attorney General Office’s website, or the Secretary of State website. Most states, like California, require nonprofits to register with them, and have searchable databases on their websites.

But another caution here: Nearly all of the Attorney Generals (including California) are quick to emphasize that although a charity is registered with them does not imply that the charity is necessarily a good one. Registration means exactly that – that the charitable organization registered as required.

It’s interesting to note that part of the registration with the states (in the ones that require charities to register) is the requirement to submit financial reports every year. However, it is easy for the bogus charitable groups to fudge these reports, submitting figures that make them appear legit and ‘above board.’

So check the charity out at two sites: Because we now understand that fraudulent car donation charities may be registered with the state of California, it’s a wise idea to check out any charity you may be considering at a minimum of two websites:

Not only confirm that the organization is registered with California, but it is also listed ‘in good standing’ with one or more of the web based ‘charity watchdog’ agencies.

You having nothing to lose and everything to gain! So now you know how to choose a high quality vehicle donation charity here in California. Not only will you be doing something truly good for somebody or some family in your community, you may even get the tax deduction. And don’t forget all those time-saving and hassle-saving fringe benefits of donating your old vehicle!

Donating Cars To Charity – New Tax Rules

On June 3, 2005, the IRS released guidance on charitable deductions for donated vehicles. The American Jobs Creation Act (AJCA) radically changed the amount of the deduction taxpayers can claim for their donated car.

Fair Market Value v. Actual Sales Price

When donating a car to charity, a taxpayer traditionally was allowed to deduct the fair market value. The new law changes this valuation to the actual sales price of the vehicle when sold by the charity. The taxpayer is also required to get written and timely acknowledgment from the charity in order to claim the deduction

The AJCA does provide some limited exceptions under which a donor may claim a fair market value deduction. If the charity makes a significant intervening use of a vehicle–such as regular use to deliver meals on wheels– the donor may deduct the full fair market value. For example, driving a vehicle a total of 10,000 miles over a one-year period to deliver meals is a significant intervening use.

The AJCA also allows a donor to claim a fair market value deduction if the charity makes a material improvement to the vehicle. Under the guidance, a material improvement means major repairs that significantly increase the value of a vehicle, and not mere painting or cleaning.

Interestingly, the IRS has also added an exemption not included in the AJCA. On its own, the IRS has determined that taxpayers can claim a deduction for the fair market value of a donated vehicle if the charity gives or sells the vehicle at a significantly below-market price to a needy individual, as long as the transfer furthers the charitable purpose of helping a poor person in need of a means of transportation.

If you intend to assert one of these exemptions, how do you determine the fair market value? Generally, vehicle pricing guidelines and publications differentiate between trade-in, private-party, and dealer retail prices. The IRS consider the fair market value for vehicle donation purposes to be no higher than the private-party price.

The new provisions of the Americans Job Creation Act certainly make it less attractive to donate a car to charity. Using the exemptions, however, you can still create a sizeable deduction while helping others who are less fortunate.

The Pros and Cons of Receiving "Spiffs" in Exchange For Charitable Car Donations

Spiffs are “gifts” given by charities in exchange for your donation. Sort of a gift with purchase, if you will. Common gifts for charitable car donations include airline tickets and vacation packages. They’re not exactly gifts and there are terms and conditions of which you need to be aware.

Businesses know the value of free publicity and one way to get it is to make a deal with a charity. The business will provide access to their services or quantities of their products in return for the charity publicly offering them as incentives for donations. This is a win-win-win situation. The charity receives donations from patrons, the patrons receive a “spiff” in return, and the company that donated the spiffs receives free publicity. Everyone is happy.

Let’s say that when you make a donation, a charity is offering you a “spiff” of two free nights at a hotel at a popular tourist destination. Great. But what most people don’t know is that you must declare the value of the spiff as income on your taxes. And yes, you’ll pay income tax on that amount. This effectively reduces the net value of the tax deduction associated with your donation. This is not a big deal if the value of the spiff is negligible, but a large spiff can almost entirely offset your allowable tax deduction.

Oftentimes these spiffs can turn out to be a better deal than you can get or negotiate yourself.

Looking for tickets to the hottest show in town? Donate your car and receive two of these tickets in return. For some people, the intangible value received far outweighs the tax consequences.

Have you looked everywhere trying to find the newest, hottest toy for your child or grandchild? Charities keep up on these things and sometimes secure quantities of the hottest new products. They then run promotions enticing patrons to make large donations in exchange for receiving these hot products as a spiff. Even if the spiff eats up a large amount of the value of your actual donation, how can you put a price on your child’s or grandchild’s happiness?

Let’s look at the downside of this practice. Say you’re looking for a tax deduction of $500 dollars and you receive two tickets with a combined value of $100. Technically, you will only be allowed to take a charitable tax deduction of $400. And you must declare the $100 value of the tickets as income, which will then be taxed at the same rate as the rest of your income.

Another negative of this practice is that the spiffs are oftentimes difficult to use or cash in. Sometimes the businesses who donate them set up the redemption rules so as to make it extremely difficult to actually receive the value that they assigned to them and that you must now declare as income. These types of businesses are looking to “cash in,” so to speak, on receiving a charitable tax deduction, but don’t actually want to lay out the cash, product or service when it comes time for redemption.

There’s also the potential for abuse by unscrupulous types. They may make a legitimate donation to receive the “spiff,” but will turn around and offer it for sale at an inflated price, particularly if it is tickets to a must-see event or hot new product. This can adversely affect the reputation of the issuing charity.

The moral of the story is to educate yourself and deal with known, reputable charities.

How Car Donation Can Get You a Tax Credit

Many people would like to get assistance these days to donate a car to charity. A lot of times, this is because the tax may have more than one car and would not like their vehicles to be sent to junk shops in the future due to being unused and parked in their garage.

But apart from just donating, people would also like to take advantage of the car donation tax deduction that comes with the donation procedures. This will be a great assistance for their taxes once they have filed them properly. And if you like a bigger return this can help with that.

These soldiers may also have lots of questions in mind like whether it's possible for them to donate car to charity regardless if the vehicle has violations on it like parking tickets. They can still give these cars to charity as long as they follow the many steps below.

The procedure will just be the same as transferring cars that don't have any parking ticket issues. But it is very vital for the donor to choose the best charity where they can donate the vehicle to make sure it is used in the best possible way.

Once you have found the right charity, you can then process the documents. Properly transfer the title of the vehicle to the charity. You should also provide some documents that they would need for documentation or filing purposes.

Next, you should also keep a number of documents for you like the bill of sale. This document will be useful in the future when it comes to filing your tax benefits and documenting your donation.

Fourth, you now need to remove the plate number from the car. Doing this will benefit both the donor and the receiver. First of all, it will prevent the new owner from shouldering the parking tickets that the donor has obtained. For the donor, it will also save them from any parking violations that they have incurred. The charity can get another license plate now that they are the new owner of the vehicle.

Finally, it's also vital for people to reach the Division of Motor Vehicles, or DMV, and inform them about the change of ownership. Aside from the general office, they should also reach the local office about this process. This way the donor can donate cars to charity and be able to get car donation tax deduction because of the act.

Where to Donate Your Car – Best Car Donation Tax Deduction Tips

If you have a car that you think would give you a good tax write off you may be wondering where to donate your car. You can deduct up to $500 according to the newest tax law. Check with your tax accountant or CPA to see if this has changed if you decide to go ahead. First of all you want to make sure you have a car that can be donated.

There are a few ways to determine that. In general your vehicle must be drivable. If not drivable and just needs minor repairs it may still qualify depending on the car donation charity. The condition of the car makes a lot of difference.

Vehicles that can be donated include, cars, trucks, RVs, boats, motorcycles, ATVs, airplanes, etc. Just about any vehicle can qualify for donation. Charities will need to be able to put your car on their own car sales lot or the car sale lot of a car donation charity broker that they hire.

Once you determine that your car, truck or other vehicle. is in good enough condition to be donatable you’ll want to think about where you can donate it that will be best for you,

There are dozens of car donation programs advertising on the Internet. And of course you’ll find them advertising in your local papers. But the thing to know is that many local and national charities hire car donation brokers to handle their donations. These companies take a big chunk of the profit. You want to be aware of this, because the charity won’t be getting all of the profit, if that’s important to you. You may just be more interested in getting the tax donation deduction.

The best way to avoid the large brokers is to find out what local organizations are accepting car donations. You can watch for advertisements or even call charities you think have these programs. You want to ask them if they handle the sales of your car in-house or if they farm it out to a company that does that for them.

Many charities choose to keep some vehicles to help transport patients, clients or goods. Or they may decide to give a vehicle to a disabled or needy client. If any of this matters to you check this out with the charity as to how they’ll use the car.

Car donation programs include: Target Car Donation Program, Goodwill Industries Car Donation program, Kidney Foundation, Make A Wish Foundation and many, many others. You’ll find a lot of smaller charities too. If you’re not familiar with the charity check with the Better Business Bureau to make sure the charity is credible.

If you have favorite charities call them to see if they accept donations. This would be the way to start. Check online to see where to donate your car and what car donation companies are advertising and check out their websites or call them up to find out how to donate your car including all the qualifications for the car and what you need to know. All of these companies will supply you with the proper forms for donation. You’ll need to get the income tax forms yourself. You should check with your CPA or accountant to make sure you’ll benefit by the donation.

Donate Your Old Car To Charity

In case you may have an old car left at your house, and you’re not sure exactly what you might do with it, consider donating the vehicle to charity. You may be convinced that the old car isn’t really worth very much and it’s only an old junker. To the contrary, your vehicle may still have a lot of uses. You may well help lots of people by just donating your vehicle, while likewise gaining something for you. Donating your vehicle is the greatest way for you to do away with it, considering all the good it will do. The charitable donation could mean a whole lot, without you even knowing it.

A great way to begin would be to do an online search for any charities. Looking for all of them on the internet is generally the quickest, most simple method to see them and find any information you will need. It will be possible to speak to a person who is able to describe the actual procedures and also the regulations related to tax deductions, and also respond to all of your concerns. It is necessary for you to learn ways to deduct your donation from your taxable income. You will be able to deduct from the income taxes more than several hundred dollars. The actual charity is going to tell you after they complete the sale of the donated vehicle as well as the selling total. You should use this amount to figure out your own deduction.

The particular make and model of a vehicle will mainly determine its market value. For instance, many late models vans and other vehicles having a higher mileage could be practical, but may need high-priced repairs before they may be approved for road use. Just by donating your car or truck, you could be providing yourself a tremendous tax benefit and also the ability to get back the space it is taking today. Many of these charities actually will use the cars for their own transportation to help them all operate their particular organization, while others merely sell them to help boost funds.

A few of these programs you might find are in fact not charities at all, but are actually salvage companies that are granted permission by the charity to use their own name. In exchange, the salvage company agrees to pay the charity a certain dollar amount on each vehicle donated. To be sure that the charity is genuine, learn what they plan to do with your car. Will they be employing a broker to take care of the sales transaction? Additionally, ask how much from the sale price the charity will keep for itself. By knowing exactly how much they will keep, you can find out how much goes toward the charitable cause you intend to help. Typically, a charity keeps much less of their selling price if they depend on a percentage rather than a set dollar amount. Definitely think about the benefits that are involved. You may benefit financially and also help those in need.

Salvation Army Auto Auction

Have you heard of the salvation army auto auction? It is one of the Salvation Army’s ways of raising funds for their social improvement endeavors. This is their way of telling you to donate and help make a difference in another person’s life.

The Salvation Army is an international non-profit charitable institution that is based upon the ministry of service to the peoples of the world. Their work is based upon God’s love so if you do business with them you’re sure to get the fairest trade for your donations.

The organization will gladly accept donations that will help them in their cause. These donations can be monetary or not. A few dollars will do but others do donate something else of more value. These non monetary donations can probably be a few hectares of your land or if you don’t have any to spare, then you could certainly donate your auto. It is after all for a good cause and you actually do get something out of it.

These donations are tax deductible so you actually share in the organizations gain. You get to have someone sell your car for you in the salvation army auto auction and you get your sweet tax deduction; now isn’t that a good deal?

You can also get that sense of achievement knowing that what you did changed someone’s life. The proceeds go to the organization’s rehabilitation program in your area. The little act of donating your car will give someone a new chance at life and this will be a good chance since their growth and rehabilitation will be under the guidance of the charitable organization.

The car you donated may have been an old friend that has been your companion for several good years and you want to give her a great chance at a brand new life. It may be an over sentimental way of looking at it, but these cars do get sold at the salvation army auto auction to owners who want them and hopefully will love them the way you did.

There are two ways a person can donate and yet gain something at the same time. One is if you are the car donor. You get the satisfaction of giving away something in exchange for a better life for someone else; plus you also get the reward of tax deduction. Then two, if you win the bid at the auction then you get to have your car at a great bargain.

If you want to donate a car or find one at a bargain, then head on over to the resource below for details on the salvation army auto auction.

Car Donation – How To Turn Your Old Worn-Out Car Into A Nice Car Donation Tax Deduction!

If you’re thinking about a charity car donation I’m going to outline some of the facts you should know. You can receive a nice IRS tax deduction for your old car or used car and help someone in need in the process.

It’s called car donation or charity car donation when you give a charity organization your vehicle – automobile, car, truck, ATV, RV, airplane or any other vehicle which might or might not be in useable condition. In the U.S. charitable vehicle donations provide a great tax benefit for the donor and it’s rapidly gaining in popularity.

First you want to learn the mission of any charity you’re considering. If you have a specific charity in mind for the car donation do some research on it, especially if you’re not sure how reputable the charity is. There are many national and local charitable organizations that advertise in newspapers or on television and openly announce they are looking for car donations. You have probably seen some of these, but are they your best choice?

Sometimes charities will use the car donations themselves in their daily charitable activities – sometimes to transport people. Perhaps they may use it to transport people in need to doctor’s appointments, social worker appointments, hospital tests, etc. More often though the vehicles will be sold at auction or off their car lots to raise money for the charity’s programs or their general fund. Yes it is not common knowledge that many charities have their own car lots. Many Goodwill Industry stores have their own.

Many people do choose to donate their used and unwanted cars in order to help others. If you buy a new car or own a car that isn’t running, you can consider donating the car, truck, or other vehicle. You can also donate boats, RVs, ATVs, airplanes and other vehicles or even real estate depending on what your charity accepts. Your donation is tax deductible which helps you and the organization that you donated the vehicle to.

Day in and out, charities provide services and needed support to people in communities all over the nation. While some may receive government grants or private donations, this is never enough to take care of the many causes they pursue. Charity car donations are a planned part of the non-profit organization’s budget. These vehicle donations can make the difference in the kind of services they can offer. So if you donate vehicles you will help these organizations continue to function

In a nutshell, car donation means acquiring old cars from donors and donating them to charity organizations. There are car donation companies that are intermediaries or links between the donors and the people who benefited from these donations. They are a big help in funding for charities. Some companies even help organizations that do not have their own charity programs. The car donation companies can auction the donated car or other vehicle in the marketplace and the money is given to the charities or the car can be used by the charity organization or be sold on their used car lot.

When you give your car to charity you are given a charitable gift IRS Tax Receipt. The vehicle donations when made to a reputable and bona fide charitable organization are tax-deductible. The IRS allows the donor-taxpayer to claim a tax deduction on the estimated value of the vehicle up to $500. The donor of the car or vehicle must have title, so make sure you have it handy when you start the process.

Make sure to ask if the charity handles the car donations – have their own charity car donation program or pays an outside company to do it. If the for-profit company handles the car or vehicle donations, find out just how much money the charity receives from the sale and how much will go to the for-profit company.

You will see car donation program in just about every major city in every state in the U.S., including California, Massachusetts, Minnesota, New Jersey, New York and Michigan. There are no laws preventing charities from accepting these types of donations.

Some of the car donation charities you might see are: Target, Purple Heart, Kidney Foundation, Salvation Army, Goodwill Industries and various cancer organizations.

In any case you will greatly benefit for your charity car donation both in claiming a nice car donation tax deduction or benefit and in helping charities continue to operate so they can help people in need.