Car donations are a
great way to help a worthy cause. It is a good alternative to donating money,
as it also helps you to get rid of an old unused car without the hassles
associated with reselling it. Car donations can be made to special
organizations that use the proceeds for charity work. The cars that are donated
are sold and the proceeds are used for charity work. Some organizations simply
distribute the proceeds to other charity organizations.
Car charity
donations are also a good way to get certain tax benefits while doing a good
deed. Car donation to an approved 501(C)3 charity organization is tax
deductible under certain clauses. These are applicable for all kinds of cars.
Cars that are
donated need not be in perfect working condition as they may be dismantled and
its parts sold. However, before donating, make sure that the donation program
is a qualified, 501(c)3 IRS registered charity since only such programs are
eligible for tax deductions. Information about such charity programs can be
obtained from the IRS website or in the Publication 78 that is available at
most public libraries. If the total donation is more than $500, then a separate
form (8283) has to be filled. Donating a car for tax purposes requires itemized
deductions on the personal tax return.
Some charity
organizations are exclusively meant for children's welfare. These can be the
make-a-wish foundation that aids children with terminal illnesses or any other
charity house that takes care of children's needs. Donating a car helps them to
mobilize funds for helping children across the world. There are some charity
establishments that take only luxury vehicles that are valued at $5000 or more.
Most organizations
make child charity car donations easier by providing additional services like
free vehicle pick-up and towing, easier/hassle-free paperwork and easy online
application forms. The donations can also be made to your preferred charities.
These days, making a charity car donation has become very easy with online
application forms and faster processing. The whole process takes just 2-3 days.
Child car charity organizations can be located online over the internet or they
can also be found in yellow pages or through advertisements.
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