When you donate a car that you no longer want, or need to charity, you will feel so good about yourself will be like you would dance with the stars. You will feel great when you contribute to the charity support. You will also be very comfortable about the tax deduction you get for donating a car.
Your tax deduction will depend on what the charity you are donating a car to does with your car donation. If the charity uses your car for their own purposes, gives it to a worthy person, or carries out major repairs on it, you can claim the fair market value of your car as long as it does not exceed the amount you paid for it. Fair market value is the value of the car on the day you donated it and in the condition in which you donated it. If the charity sells your auto gift, your tax will be capped at the higher of $ 500 or what the charity actually sells. it for.
Most car donations are in dire need of repair. This is why most charities don't use them or give them away to worthy individuals. The way charities sell donated cars varies. Many auction all car donations, no matter what condition they are in. Cars4Charities is a different one. Their goal is to maximize the retail price of every car donated to them for two very important reasons. First, the tax deduction for the donor depends on the sales price of their car gift. Second, the more money that is received from the sale of the car gift, the more money that is made for the charity.
If you really want to feel comfortable donating your car to charity, you have to check out Cars4Charities. Receive the best possible tax deduction on your car donation and send the maximum amount to the charity you choose from the extensive list of participating charities. This list includes international charities like Aid To Haiti, Food For The Poor, Freedom From Hunger, The Fund For Peace, Helen Keller International, Partners In Healthcare, The Smile Train, TropicalClinics, and more. , National charities such as the American Autoimmune Related Diseases Association. , the American Foundation for the Blind, the American Spotted Degeneration Foundation, the American Parkinson Disease Association, the American Foundation for Asthma and Allergies, Autism Speaks, the Brain Trauma Foundation, the Breast Cancer Research Foundation, the Research Institute on Cancer and Diabetes Research. The 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 Addiction, the Prevent Cancer Foundation, Teach for the United States, and many others States and hundreds of local charities such as food banks, homeless shelters, and various other charities.
For more information on donating a car, please contact Cars4Charities or call 1-866-448-3487. They are happy to explain the entire car donation process to you and offer you a quick and professional service.
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