When you donate a car that you no longer use, no longer want, or need to charity, you feel so good that it's like dancing with the stars. You will be delighted to support a charity. You will also be very happy with the tax deduction you get for donating a car.
Your tax deduction will depend on what the charity you're donating to does with your car. If the charity is using your car for this purpose, giving it to someone who deserves it, or doing 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. The fair market value is the value of the car on the day you donated it and in the condition in which you gave it. If the charity sells your car, your tax deduction is capped at the higher of $ 500 or what the charity actually sells for.
Most car donations require major repairs. Because of this, most charities don't use them or donate them to deserving people. The way charities sell donated cars varies. Many auction all donated cars, regardless of their condition. Cars4Charities is different. Their goal is to maximize the selling price of any car that is given to them for two very important reasons. First, the tax deduction for the donor depends on the sales price of their car donation. Second, the more money that is received from the sale of the car donation, the more money goes to the charity.
If you really want to feel comfortable donating your car to charity, then you should check out Cars4Charities. Receive the best possible tax deduction on your car donation and send the maximum from the long list of participating charities to the charity of your choice. This list includes international charities such as Aid to Haiti, Food for the Poor, Hunger Free, Peace Fund, Helen Keller International, Health Partners, The Smile Train, TropicalClinics, etc. , national charities such as the American Autoimmune Related Diseases Association. , the American Foundation for the Blind, the American Macular Degeneration Foundation, the American Parkinson Disease Association, the Asthma and Allergy Foundation of America, Autism Speaks, the Brain Trauma Foundation, the Breast Cancer Research Foundation, the Cancer Research Institute, and the 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 Dependence, the Prevent Cancer Foundation, Teach for America and many other 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 will be happy to guide you through the entire car donation process and provide you with quick and professional service.
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