When you donate car you no longer use, want or need to charity, you will feel so good about yourself, it will be like you are dancing with the stars. You will feel very good about helping to support a charity. You will also feel very good about the tax deduction you will get for donating a car.
Your tax deduction depends on what the charity you donate car to does with your car donation. If the charity uses your car for their purposes, gives it to a deserving person or makes major repairs to it, you can claim the fair market value of your car as long as it does not exceed the amount you paid for it. The fair market value is the value of the car on the day you donate it and in the condition you donated it in. If the charity sells your car donation, your tax deduction is limited to the greater of $500 or the amount the charity actually sells it for.
Most car donations need significant repairs. For that reason, most charities do not use them or give them to deserving individuals. The manner in which charities sell donated cars varies. Many auction all car donations, no matter what condition they are in. Cars4Charities is different. Their objective is to maximize the sale price on every car that is donated to them for two very important reasons. First, the tax deduction for the donor depends on the sale price of their car donation. Second, the more money received from the sale of the car donation means more money to the charity.
If you really want to feel good about donating your car to charity, you should look at Cars4Charities. They will get you the best tax deduction possible for your car donation and send the maximum amount to the charity you choose from their extensive list of participating charities. That list includes International charities like Aid for Haiti, Food for the Poor, Freedom From Hunger, the Fund For Peace, Helen Keller International, Partners in Health, the Smile Train, TropicalClinics, etc., National charities like the American Autoimmune Related Diseases Association, the American Foundation for the Blind, the American Macular Degeneration Foundation, the American Parkinson Disease Association, the Asthma and Allergy Foundation of America, Autism Speaks, the Brain Trauma Foundation, the Breast Cancer Research Foundation, the Cancer Research Institute, the Diabetes Research Institute Foundation, the Juvenile Bipolar Research Foundation, the Lam Foundation, the National Association for Down Syndrome, the National Coalition for the Homeless, the National Council on Alcoholism and Drug Dependence, the Prevent Cancer Foundation, Teach for America, as well as many State and hundreds of local charities like food banks, homeless shelters, and various other fine charities.
For more information on how to donate car, please contact Cars4Charities at http://www.cars4charities.org/ or call them toll free at 1-866-448-3487. They will gladly explain the entire car donation process to you and provide you with prompt and professional service.
Author Resource:
Karen Campese is the Co-founder and CEO of Cars4Charities, a not for profit car donation center. They have over 1,000 respected charities that you can donate car to. When you donate your car , you get a tax deduction and help a good cause.
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