It should come as no surprise that automobile donations are the reason for much of the funding that is provided to charities and allows them to provide the community service that they provide so well. However, many people would like to donate a car but simply are not familiar enough with the process to actually make a donation. Generally these Americans simply have questions that need to be answered. Here are some frequently asked car donation questions to help assist these people with getting the answers that they are looking for: Question - Is an automobile the only type of vehicle that I can donate? Answer - The simple answer is no. However, those who read my articles often know that I can never stop at the simple answer so, let me elaborate! Generally any vehicle can be donated. As a matter of fact, Cars Helping Charities will accept everything from cars, trucks and vans to boats, motorcycles and even R.V.s! If it has wheels and an engine chances are, Cars Helping Charities and many other vehicle donation charities would love to have your donation. Question - How does the automobile donation tax deduction work? Answer - This is another very commonly asked question. The vehicle donation tax deduction is very simple to understand. Consumers who make the decision to donate a vehicle are separated into 2 groups in the eyes of the IRS, those who donate cars that generate less than $500 in proceeds for charity and those who donate cars that generate more than $500 for charity! The consumers that donate cars that generate less than $500 will be given a $500 tax deduction while those who donate cars that generate more than $500 will receive a tax deduction equal to the amount of proceeds generated from the automobile donation! Question - Does an automobile have to be in good condition to be donated? Answer - Simple answer No! My answer - Of course it doesn't. As a matter of fact, if the vehicle that Americans would like to donate is a junk automobile, the vehicle donation companies will generally come out and tow it away for free. This is because, even if a car is a junk vehicle, it still holds a high value to charities. Junk cars are loaded with scrap metal that sells at a premium as well as working parts that can be liquidated easily. In essence, even junk cars can be a gold mind to charities! I hope that this article has answered plenty of your vehicle donation questions. If you have a vehicle that you would like to donate, I would suggest finding out more about the process at CarsHelpingCharities.org! Their platform is designed to make the process of donating a car as easy as possible! Most of my information for this article was found here: Vehicle Donation Car Donations
Related Articles -
car donation, car donations, car donation f.a.q.,
|