Donating a Car to Charity

Donate your car, or other vehicle and benefit a charity while gaining a valuable tax deduction for yourself and the knowledge that you did something to help someone today. Its a win-win situation for everyone.

Donating a vehicle is a simple and easy way to get rid of an automobile, truck or other vehicle. While not every automobile is sold easily, donating to a reputable charity allows you deduct the vehicle’s value from your income tax and takes the trouble out of what to do with the used vehicle. Why sell that car for a few hundred dollars when you can gain more from donating it to charity and help someone in the process?

People choose to donate a car for a variety of reasons. Whether you want to donate your automobile as a way to help improve the lives of those less fortunate then yourself, or because of the personal convenience and tax savings to yourself, your car, truck or other vehicle donation is a great way to go.

There are many benefits to donating a car, truck or other vehicle. It is a simple, easy and hassle-free way to help make the world a better place and save your own time and money. The appeal of a car donation is easy to understand. Donating a car, truck or other vehicle can offer tax benefits as well as the satisfaction of knowing you helped others who are less fortunate then yourself or helped causes dedicated to helping society as a whole.

If you donate your car or other vehicle, you can help a worthy cause while you also take advantage of tax rules designed to reward generosity. Yes, this is totally legal and moral. On the contrary, helping others is one of the greatest things you can do as an American. The IRS has set up Tax rules so US Taxpayers can deduct the actual value of their car, truck or other automotive donation to legitimate charities.

Types of organizations and Charities that will accept your vehicle donations:

1) One of the most common is not actually a charity, but is a company that acts as a clearinghouse for car donations. These companies act as an agent for various charities, taking in and selling the vehicles, taking a commission for their services, and passing the rest onto the charity. Your tax deduction is limited to the amount the charity actually receives;

2) Non-profit organizations that routinely handle vehicle donations for several charitie. These organizations are preferred over the for profit car donation operations listed above as they usually keep less of the proceeds as a commission and pass more money on to your chosen charity.

3) The charity itself – this is the ideal way to donate a car, truck or other vehicle as the charity is able to keep the most funds from your car donation and allocate the money to their charitible cause. However, only some of the bigger charities are able to have in house car donation department.