Do you have an older vehicle that no longer suits your needs? Many people decide that donating a used car to charity is a great way to help out those that are in need, as well as to get a tax deduction. Giving Center is an IRS approved 501(c)3 nonprofit charity in the United States.
Donate to an IRS registered nonprofit organization like Giving Center:
Before you donate a car to charity, make sure that the car donation program you have chosen is a qualified, eligible, 501(c)3 IRS registered charity. If it is not a qualified organization, donating cars to them may not be tax deductible. Giving Center is an IRS approved 501(c)3 nonprofit charity organization that operates across the United States.
Determine your charity tax deduction:
In order to claim your car donation you must itemize deductions on your personal tax return. For taxpayers, the decision to itemize on Schedule A of Form 1040 is determined by whether their total itemized deductions are greater than the standard deduction. Of course, many donors are not interested in the tax deduction and just want to donate a vehicle to charity so that it can be used for a good purpose. However, if you are interested in a tax deduction when you donate a car, you should understand that in order to obtain it, you must itemize your deductions and not just go with the standard deduction.
If you itemize your taxes, Giving Center will provide you with all the paperwork you would need to receive your tax deduction come tax time.
Calculate the value of the vehicle you wish to donate to charity:
There are many online resources for determining the fair market value of your car donation. Checking the “blue book value” will give you guidance on the general value of your donated vehicle, but you should also take into account the overall condition of your car donation when donating to charity. ‘Your car donation is tax deductible and will fall into one of these categories: For low value vehicle donations you can claim the fair market value up to $500.00 without any additional paperwork besides the receipt we will provide at the time of the pickup.
If you donate a car that is worth more then $500.00, your deduction will be limited to the actual sale price of your car donation. All proceeds will benefit Giving Center, a 501(c)3 nationwide charity. We will work to get top dollar for your car donation, as it would not benefit our donors or our charity to receive a low price.
For cars that are in safe and good running order that we can specifically use for our charitable program or if we can significantly improve your vehicle before it is sold then you can generally claim your car’s fair market value. Please call us at 888–228–7320 if you want to verify if this would be the case for your car donation. If your donated vehicle is used by Giving Center for our charitable purposes or if it is improved before the sale, we will provide you with a receipt specifying this exception so that you can claim the fair market value of your car donation.
Locate a car donation charity with local or nationwide service:
When you contact a charity that accepts car donations, make sure that they provide pickup service in your area. Giving Center offers free nationwide pickup of your vehicle donation.
Make sure there are no hidden costs:
Giving Center will pick up your donated car for free, at no cost to you.
Locate the title for your car donation:
Usually you will need to provide a title for your vehicle if you wish to donate your car to charity. If you have lost your title, you should contact the Motor Vehicle Department in your State to obtain a duplicate title. Sometimes you can donate your car without having the title, especially if your donated car will be sold for parts or salvaged. Check with the motor vehicle department in your state to determine if you must have the title for your vehicle before donating.
If you have any questions in regards to the title of your vehicle, please don’t hesitate to contact us by phone 888–228–7320 or on our website: http://www.givingcenter.org
Check to make sure the charity you donate your vehicle to will accept all types of vehicles:
Many car donation programs will accept car donations, motorcycle donations, boat donation, RV donation, motorhome donations, campers and personal watercraft donations. If you are thinking of making a vehicle donation make sure the charity you choose accepts your type of vehicle in the condition it is in.
Obtain the necessary IRS form to claim your car donation tax deduction:
If your combined charitable donations of non-cash items are valued at more than $500 during the tax period then Giving Center will provide you with IRS form 8283. In the event that the vehicle is sold, we will also provide you with IRS form 1098c.
Giving Center provides fast, free, nationwide pickup of your car donation with no hidden costs to you. We pick up cars, motorcycles, boats, RVs, motorhomes, campers, trucks, vans, and personal watercraft in both running and non-running condition. We are also able to accept vehicles that have been wrecked or otherwise damaged. Remember that you can donate your car online or call us toll free at: 888–228–7320 to make arrangements for quick, no cost and hassle free pickup.