Tips to Donating Car To Charity

Donate a Car: Tips to Donating Cars to Charity
Donate car charity? think simple: Donate your car as a form of your concern for others and at the same time get your rewards through tax deductions.  All benefit, right?

As the saying goes, good deeds will always bear fruit either.  How to realize your good deeds in this case you donate your car, that can really bring the maximum good for you and also those in need.  Here are some tips you can follow, among others:

1. Avoid intermediary.
   Nowadays many third-party organizations that aggressive broadcast advertising on TV, newspapers, and other social media that claim they can help you donate a vehicle to charity.  But in fact these organizations cut about 50-90% of the total sales value of your car for its own interests.  To prevent this problem you should contact the charity you admire to check whether they accept car donation or not.


2. Look for the right charity.
   Do a search and survey to obtain the charity's most fitting to your taste.  This can be done by searching for information via the Internet or visit the Car Donation Directory that we have provided.


3. Perform mathematical calculations.
   If you think you do need third-party services, possible reasons busy, ask for detailed information about the magnitude of the donated value of the total sales value of your car by the organization.  If the organization is to give a flat donation value, say $ 100 for each vehicle donated regardless of its value, then most likely your donations are not eligible for tax deductions.


4. Knowing the status of the recipient.
   In order to make a claim against your tax reduction, then the charitable organization you select must meet the standards of the IRS-approved 501 (c) (3) organization (read: Donating Cars to Charity).  This is unbelievably important, so make sure you choose the appropriate standard of charitable organizations.


5. Do it yourself delivery.
   Many charitable organizations are utilizing the services of third parties to handle the affairs of a vehicle making your donation, and is required to withhold a portion of the sale of your car for the cost of making it later.  To maximize the benefits from your donation would be nice if you could make your own shipping.


6. Transfer your vehicle carefully.
   To avoid problems or liability may Arise That after the delivery vehicle, so the make sure you sign the title over the receiving before pick-up, and remove your license plate from your vehicle.  Dont ever leave the ownership space on charity donation papers blank.


7. Estimate the amount of net contributions to be sent.
   The IRS will check how much value is derived from donations that charities do.  Most charities will sell your donated car back to get cash.  So make sure you get a copy of the receipt of the proceeds to find out how much your donation will reach to the needy.


8. Know when you can report the fair market value.
   If the value of your donated vehicle <$ 500 or if the charity chooses to use your vehicle donation to support their charitable activities in the field, then you can report the fair market value in accordance with the listing of Kelley Blue Book or the same source.


9. Keep proof of payment of your donation.
   It will be necessary when you want to make a claim against your tax deductions.  If the value of your donation> $ 100 you must attach IRS form 8283, and if the value of your donation> $ 5000 you are obliged to include an external assessment.


10. Do it with as much detail as possible.
    Evidence affairs donations and claim it was complicated.  But maybe what you're doing now is something that is bigger than what you've done before.  So do it with as much detail as possible to get maximum results.

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