So you've heard about donating a car to charity and are wondering what
its all about? A used car donation is a great way to make tax
deduction benefits. When you donate a used car to charity you can deduct the
fair market value of your used car from your tax returns.

So you have an old car maybe its a 1986 model that has served its
purpose well and you are wondering what to do with it now, its really not
worth that much but it still runs well. Have you ever thought about a
used car donation? By donating your used car to a charity and there are
so many of them out there you can do a good deed whilst also benefiting
from a tax write-off. Sounds good, want to know more?

The first thing you need to do is some good research. Find out a list
of all the charity organizations that take a used car donation and then
verify that they are indeed eligible to receive deductible car
donations. This can be verified by their internal revenue service
determination letter which will state that they qualify as a tax-exempt charity.
Religious organizations will differ from this as they do not need to
apply for tax exemption status. Once you have found your ideal charity be
it a purple heart car donation or a different charity altogether there
are certain procedures that must be followed. You will need to fill in
a donation form in order for the process to begin. Pick up will then
be arranged via the charity.

What will happen to your old car? In some cases the car will be sold
to raise money for the charity in other cases it may be used by the
charity themselves. Whatever is to happen to your used car donation don't
forget to get a receipt. You will need your receipt in order to claim
back the value of the car.

It is your responsibility as the owner of the used car to determine its
value and you are asked to take into consideration, the mileage, the
condition of the car and any accessories that may increase its value. If
the value of your used car donation exceeds $500 you will need to fill
out an IRS Form 8283.

Now that you have all the facts and information you need for a used car
donation all you need to do now is get searching for your perfect
charity. Whether its a purple heart car donation or a salvation army car
donation the choice is yours. Reap the benefits you deserve and donate
your used car now.

More Resources:

Car Donation - What Are The Benefits For You?

Salvation Army Car Donation - A Great Benefit That Means A Great Deal