What to Consider Before Making a Used Car Donation
Barb Anderson

Defined Tag: Used Car Donation.

Making a used car donation can help many people. If someone died or moved and they don’t want their car anymore, donating it is a great way to give back to the community while disposing of the vehicle. Many used car donation services will pick up the used car for free and take it to the charity.

It is important to check with the IRS before making a used car donation. There are a few forms that will need to be filled out. The web site can also give an estimate as to the car’s worth. The number will probably be different from its blue book value, so be sure to check the web site out before giving the car away. In some states, a tax break will only be given if the car is donated to a nationally recognized charity. A complete list is available on the web site. Filling out the forms incorrectly could result in not getting the tax break. Once the paperwork has been filled out, get a receipt from the charity the car was donated to. This is the proof that will be necessary when claiming a charitable donation on a tax return. The IRS web site will provide all the information to donate the car and get a tax break.

Giving to a charity is a great way to help people in the community who are down on their luck. Donating items such as cars can greatly contribute to their well-being because the more vehicles a charity has, the faster they can get to people who need help. There are many charities that offer car services to the store or to the doctor. Making a used car donation will not only yield a tax credit, it will make someone else’s life a little easier. Knowing that a person has made a difference is a good feeling

Barb Anderson has edited or written numerous articles for family-oriented ezines and sites on the worldwide web. Barb is Editor of the Power Learning Tips and Tricks newsletter, which is available at:   http://MastermindLearningSystem.com.