There are many reasons to donate a used car. If you are looking for a good charity to donate your car to, then look through the list of car donation charities. You can search for charities by cause or state or alphabetically In addition, most places of worship too qualify for a tax deduction and accept cars as donation. Enquire at your place of worship to find out if they will accept your car.
There are many worthy charities that qualify for an income tax deduction. Choose a good charity to donate your used car to and get a tax deduction for yourself. To ensure that the IRS accepts your claim for a tax deduction, you need to take a few steps.
Firstly, ensure that the charity of your choice is in the list of charities from which you can claim a deduction. Next, make sure that you do your paper work correctly. Take a photo of your car before you donate it. Fill up all the columns in the transfer papers. Do not leave the name of the owner blank. Get your car valued by an independent assessor, especially if you are going to claim more than $500 in deduction. Keep this report in a place that is easily accessible in case the IRS questions your claim.
In case the charity you select plans to keep the car for its own work, your paper work will be less. However, most charities sell the car and use the realized value for their charitable work. In such cases the IRS allows only the amount that the charity got form the sale to be deducted for tax purposes. So get a copy of the sale receipt from the charity.
Lastly, drive the car to the charity or get it delivered at your own cost to maximize the benefits of your donation to the charity.
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