How To Donate a Used Car to Charity

   

Most people would prefer to not have to haggle with a used car dealer or potential buyer when selling their old vehicle, especially if the car or truck may need some work to make it road worthy. A great option might be to learn how to donate a used car to charity, which could offer you a tax deduction instead of a direct sale payment. The nice part of doing this is the fact that you are helping raise needed funds for people or animals in need in your community, because of your generous donation.
   There are certain steps to take in this process, and to find out how to donate a used car to charity, you need to do a little homework. Start by understanding the IRS rules and requirements for a car donation A Donor's Guide to Car Donation . There is specific paperwork that you will need for tax purposes, and that can vary by the age of the vehicle that you donate. 

Helpful Tip: Take a few photos of your car before you donate in case you need to prove it's value or that it had not been involved in an accident, if there were any questions about the car's condition after the car leaves your possession!

  As part of understanding how to donate a used car to charity, you will need to find the Fair Market Value of your vehicle, which will be what your tax deduction will be based on. This value will be affected by a number of factors but is important to know the amount Determine Fair Market Value .
   Once you see how to donate a used car to charity, it will be easy to both get your tax deduction and to make the process a simple one. Best of all, you know inside that you helped support people or animals in need and that you fully deserve that good feeling inside!

"Used cars help people in need in a variety of ways. For example, some organizations use donated vehicles to transport people in need to appointments or to run errands. Additionally, many charities sell donated cars at auctions and use the proceeds to help fund operations.................."

How To Donate a Used Car from MoneyCrashers.com

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