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Tips on Choosing the Best Car Donation Charity and to Avoid Being Scammed

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Are you desperate to get your hands off your commuter car that’s costing you more in repairs than it’s actual worth? Has it transformed into an annoying eyesore that’s ruining your otherwise pleasant view of your backyard? If you’re looking for a sure-fire solution to your unwanted clunker problem, donating it to a reputable charity is the way to go. What you have to do is to find the best car donation charity in your area—and we are here to help you do that! You can find many nonprofit organizations online that accept donated cars, trucks, vans or any other types of vehicles without hesitation. Each of these organizations supports a cause that benefits certain underserved sectors of society. If you can strongly identify with the cause being espoused by a certain charity, then go ahead and donate your clunker to that organization. However, one of the most critical factors involved in car donations is definitely research. With the growing number of scammers these days, you c...
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11 Tips For Making Your Charitable Donation Count On Your Taxes

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Salvation Army donation kettle. Photographer: Bradley C Bower/Bloomberg News. Americans gave  $358.38 billion in 2014 , a 7.1% increase from 2013, and equivalent to a whopping 2% of the U.S. gross domestic product (GDP). The majority of that giving, $258.51 billion, came from individuals, representing 72% of all charitable donors. Making a charitable donation is not only a chance to make a difference: it's also an excellent way to reduce your tax burden for the year. The tax benefit is considered a compelling reason for making charitable deductions: more than two-thirds of high-net-worth donors said  they would decrease their giving  if they did not receive a corresponding tax deduction. A tax deduction for charitable giving isn't guaranteed just because you're feeling generous. As with everything in tax law, it's important to follow the rules. With that in mind, here are 11 tips for making your charitable donation count: Itemize.  In order to cl...
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Car donation: When it's right to seek a charity tax deduction

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It's easy to donate a car to charity if all you want to do is get rid of it. Simply call a charity that accepts old vehicles, and it will tow your heap away. But if you want to maximize your tax benefits, it's more complicated. Here's a walk through some of the considerations, with the usual proviso that you should discuss these issues with your tax preparer before you act. You must itemize your return If you want to claim a car donation to reduce your federal income taxes, you must itemize deductions. You could itemize even if the donated auto is your only deduction, but that's usually not the best choice. Here's the math: Suppose you're in the 28% tax bracket and the allowable deduction for the vehicle's donation is $1,000. That will save you $280 in taxes. If you're in the 15% tax bracket and you get that same $1,000 deduction, it will reduce your taxes by $150. If the car donation is your only deduction, it's likely that taking ...
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MUST READ:Nine Unbelievable Car Facts That Are Actually True

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If you've been on the Internet lately you've seen a million of these posts about facts that seem wild but are actually true. Almost none of these are about cars (I mean, do you really care that President  Ronald regan's  grandson is alive?) so we've tried to fix that. 9.) The Ford GT's roof is so strong, it broke the crushing machine Fair enough, the GT's chassis can certainly take much more than the stock power, but Ford  is no TVR , so it's hard to image they couldn't afford tougher test machinery. 8.) Retractable hardtops were introduced by Peugeot in 1934 Modern cars  have extremely complicated hardtops  that can open in a few seconds, but the idea itself is nothing new. Peugeot introduced it in the 601 Éclipse six years before Hitler started his invasion of France. 7.) GM sold a Subaru as a Saab For many of us this is a well-known fact, but non car people will be surprised to learn that the 2005 and 2006 Saab...
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10 measures to take while you donate a car to charity

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1. Avoid Middlemen Numerous for-profit intermediary organizations advertise aggressively on TV, billboards and elsewhere, offering to help you donate your vehicle to charity. Here’s the catch: These organizations typically keep about 50 percent to 90 percent of the vehicle’s value for themselves, and the charities don’t get what they could have gotten. To prevent this, check directly with charities you admire and find out whether they accept car or boat donations. 2. Find a worthy charity If the charities you normally support aren’t equipped to accept such donations, do some homework until you find a reputable charity that is. You can research charities’ track records online at this Better Business Bureau site and through Charity Navigator. 3. Check the math If you still feel compelled to use an intermediary organization – possibly because you’re busy – at least ask the organization how much of the car or boat’s value will go to charity. If the organization simply gives charit...
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Get a Huge Tax Deduction with Your Car Donation

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Tax season is upon us and CPA’s and harried men and women across America are trying to navigate the confusion of the IRS tax codes to see how much of their hard earned money they get to keep this year. The good news for your generous heart and your thrifty pocketbook is that donating a car can be a great way to get you a tax credit. What You Should t Know Donating a car is always a good idea when giving to a charity, but in order to make your gift count there are certain rules you have to follow. 1. Know How Much  It Was Sold This number is important if your car sold for more than $500. Donate A Car provides you with this information on IRS Tax Form 1098-C. Keep this information in your financial records and make sure your accountant has it available when doing your taxes. If you donate a car that sells for MORE than $500 you’ll need IRS Form 8283 Section B. 2. Know the Fair Market Value Knowing the Fair Market Value (FMV) of your vehicle is important if t...
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Why you should Donate Your Car To Charity

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When you have an unwanted vehicle, there are so many ways you can get rid of it. You can attempt to sell it online, place a newspaper ad, trade it in to a car dealer, or put it into long-term storage in case you ever need it again. However, those options can be time consuming, expensive and disappointing. One thing that will never let you down is a car donation. Car donation isn't often the first thing that comes to someone's mind when thinking of easy ways to get rid of a vehicle. Why Should I Donate My Car If you aren't sure car donation will be beneficial to you, here are  great reasons that will make you to donate your unwanted car today!   1. You'll Save Money Many of us hold onto unwanted vehicles for our own reasons. Maybe it's sentimental because it's the first car you ever drove. Maybe it's a car you bought years ago intending to fix up. It could be a seasonal vehicle such as a boat or RV that you only use once a year, but pay...
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