Donate_A_Car_To_Your_Charity

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					Donate A Car To Your Charity

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470

Summary:
Making charitable contributions is a wonderful way to help out your
fellow man, but it is also a good way to get some tax breaks. One really
good method is to donate a car to charity. However, there are some things
you will need to do in order to donate a car to charity and claim the
donation on your tax returns.

First of all, make sure the organization is qualified. You can do this by
logging onto the IRS website to check for qualified charitable
organizations. If the org...


Keywords:
charity philanthropy donation charities fundraising voluntry giving
volunteer contribution


Article Body:
Making charitable contributions is a wonderful way to help out your
fellow man, but it is also a good way to get some tax breaks. One really
good method is to donate a car to charity. However, there are some things
you will need to do in order to donate a car to charity and claim the
donation on your tax returns.

First of all, make sure the organization is qualified. You can do this by
logging onto the IRS website to check for qualified charitable
organizations. If the organization you donate a vehicle to is not
qualified then you will not be able to claim the deduction. So you will
want to check this out before you make your donation if making the
deduction is important to you.

Another question you will need answered before you donate your vehicle to
charity is what will become of the vehicle? Will it be sold to make money
for the charity or will the charity use it for transportation? Also, the
car might be given to someone poor who needs transportation. Regardless
of what the car will be used for, you have a right to ask the question
and decide if you believe it is a charitable cause. If not, then you can
look for another charitable institution that will use the vehicle in a
means you approve of.

Make sure you determine the fair market value of the vehicle in order to
claim the donation on your taxes. You will not be able to simply claim
the Blue Book value for your vehicle but will have to take into account
the vehicle’s condition, and accessories you have added, and the like.
There are several IRS and other guides that will help you come up with
the fair market value of the vehicle.
Make sure you follow any laws required by your state regarding donating
vehicles to charity. More often than not laws require you to transfer the
title to the charity, if at all possible, and do not leave license plates
on the vehicle. This will eliminate liability issues as well.

If after reading all the information on the IRS website and following
these steps you still have questions regarding your charitable vehicle
donation then you should contact the IRS directly in order to have your
questions answered. It is better to have your questions answered before
you make a donation than after, so be proactive.

Donating a car to charity is a really good thing to do and it will help
you out on your tax returns as well. Just be careful because there are
charities that will tell you what you want to hear, which can cause
problems for you when you try to claim your donation. Just make sure you
have all questions answered by the IRS.

				
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