Advertisers make car donation sound so uncomplicated: Donate a used car instead of going through the hassle of selling it, and then instead of cash you get tax write offs. It’s a no lose situation right. After all you still get some sort of return and in the process you even end up helping someone else. Unfortunately like all ideas with great intentions things always seem to go awry, and with car donations this is usually the case. So before giving away your vehicle you’d better read this. Help A Deserving Charity

An EmphasisTo emphasize how a car is of such importance, hear this: even junk and non running cars are accepted as donations. The cars may be repaired or restored, sold into auction or used by the institution it was donated into.

An EncouragementThink about it, holding on to things that is of no use is utter depravity. Some people horde, imagine a car under those pile of junk! Wouldn?t it be good, if you could get rid of that one thing that may give you more space, feel good about yourself, and get a tax break. In this time of economic downturn helping people while helping yourself is a win win situation. The information of going about it is the most important factor.

An InitiationMost Americans have access to the internet, so go online and type in car donation. Read up, and evaluate your newly acquired knowledge. Sounds easy right. However, before committing yourself to a charity that looks and sounds great, look around and do your research. There are companies that look like a charity but are actually a mediator, and there are even those that pose as charities when in fact they are not. The easiest way of looking for the right charity is to visit a local charitable institution. Conduct an interview with their officer, do not hesitate to ask questions, after all you want your donation to not only help you but others as well.

Not only is the charity’s intent important, but also its service towards you the donor. To be able to claim tax write offs, you have to work hand in hand with the charity because the IRS have now set stringent rules governing car donations. Goals For You and For AllAfter going round the local charities, take time to sit and think about your agenda. Where do you want your car donation to be used. What are the organizations goals. Does it coincide with yours. These questions are important if it is difficult for you to let go of the vehicle you are donating.

Last But Not LeastBefore going ahead with making a car donation, make sure you remember these last few reminders. Do not over estimate the value of your car; the IRS has a price basis of how much your car’s current value is more than $500. If it?s less than that amount, then you can claim as much as the charity got for selling the car. Don’t try to cheat to get a bigger tax write off; the IRS has stringent compliance rules. The charity has to provide you with an Acknowledgement Certificate that states the charity’s name, address, the car’s present condition, and if the charity gave anything in payment of the car. Remember if you get something in return then the donation in now deemed sale and quick car insurance.

Thank you for reading my articles about car donations andquick car insurance, Make sure to read more of my car and insurance articles in the future!

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