Saturday, April 30, 2016

How You Benefit from Donation Of Cars to Charity in Green Bay

How You Benefit from Donation Of Cars to Charity in Green Bay

In light of today's struggling economy many charities have had to become more creative in getting donations. This is why many have begun to accept vehicle donations aside from cash. While many have shied away from making a Green Bay donation of car to charity because of the changes in tax laws, there are still plenty of good reasons why you might want to consider the donation of cars to charity.

You Get a Tax Write Off

One of the main reasons you should consider Green Bay donation of cars to charity is for the tax write off. Even with the change in the IRS regulations, you can still claim the fair market value of the car on your income taxes. This could take a nice bite out of the tax liability of some people. If you expect that you're going to owe at the end of the year, this is a good way to reduce your debt.

You Get Rid of a Clunker

It is difficult to get rid of a car that is no longer working. It is hard to find a seller and most dealers won't even buy it from you for parts. But with a donation of car to charity Green Bay residents find that they may have an easier time getting rid of it. The trick is to find an organization that is trustworthy and has sufficient experience in such kinds of donations.

It Saves You Time

With a donation of cars to charity Green Bay residents are able to save time. Even if your car is in working order, meeting buyers, talking and negotiating deals, and handling the paperwork would take a lot of time. Most people do not have that kind of time so they make a car donation. Thus, they are relieved at how fast the entire transaction can be. And if you make your donation through organizations like, there'll be plenty of ways to save even more time in the process.

Making a donation to charity can still be rewarding for everyone concerned when you work with the right people to get it done.

Friday, April 29, 2016

In Madison: Tips on How to Donate My Car

As the economy declines, an increasing number of people are looking for different ways to support their favorite charities. One of the most commonly asked questions people in Madison ask about how to donate a car is what preparation work needs to be done. One of the first things you'll need to do is prepare the vehicle for donation.

Find Your Charity in Madison

In Madison: Tips on How to Donate My Car
One of the first things you want to do before you sign away your car is to compile a list of charities that take cars for donation. This is even more important if you plan on taking advantage of the IRS tax credit allowed for vehicle donations. In order to get this benefit, you must choose a charity that has already been approved by the IRS. You can identify them through their 501 (c)(3) status or their religious affiliation. If you're not sure, you can contact the IRS directly and ask them to send you information on how to donate a car to charity and they will provide you with detailed information on what you need to know.

Get Your Paperwork in Order

The next thing you need to know about how to donate my car is the paperwork. You will need to prepare your ownership documents ahead of time, clear up any liens on the vehicle, sign and print your name on the title as the seller, and give the signed title and lien release to the charity or the tow driver sent to pick it up. You will also need to cancel insurance on the vehicle and get the proper IRS forms completed so that you can use them when you file your taxes at the end of the year.

There are many things to consider when you're asking in Madison how to donate my car. Getting the right information and applying it correctly can help you to make a smooth transition when it comes to donating a car to charity. The good news is that once you know exactly what you're doing, there will be no reason to ask again how to donate my car Madison unless there are applicable changes to the tax laws.

Thursday, April 28, 2016

Important Steps When You Donate Car to Charity in Green Bay

Important Steps When You Donate Car to Charity in Green Bay

One way to feel good about yourself is to donate car to charity. There is so much need among non-profit organizations in Green Bay that it is pretty much assured that any vehicle you own will be accepted by some charity or another. The only requirement that many of them have is that the vehicle's resale value must exceed the cost of towing. At least that is as far as the charity is concerned. As for the IRS, there are a few other requirements you'll have to meet.

An Approved Charity Is Needed

One of the first things you'll have to meet is the approval of the charity by the IRS. Whenever you make a Green Bay car donation it must be designated as a 501(c)(3) non-profit. This tells you that the organization is a registered charity and is eligible to accept donations. In Green Bay, donate a car to charity means you want to find this out before you take any more steps. Always verify this with the charity and then you can double check it with the IRS if you need to. Most car donation charities are more than happy to provide you with any information you might need to prove their eligibility.

Determining the Value of the Donation

Before they donate car to charity, Green Bay residents need to determine the fair market value of the car. In the past, this step was simple - all you had to do was consult the Kelley Blue Book, look up the year, make, and model of the car and slip that number into a line on your tax returns. Today, however, the value of your charity car is determined by how much it is sold for. That means that until you receive the receipt that states the actual sale price your gift is not complete. So, you will have to remain in contact with the charitable organization until the car has been sold and you know what information you can supply to the IRS on your tax return.

Whenever you donate a car there are many details that you need to keep in mind. However, if you've done your homework and know what to do, both you and the charity can benefit greatly from the gift that you provide.

Wednesday, April 27, 2016

What to Know When You to Donate a Car

Are you interested in donating your car but you don’t know where to start? Once you complete a few key steps, it’s relatively easy to donate a car to charity. Check out for a great place to start. 

Choose a Charity

There are many amazing organizations out there that accept donations of many kinds. For you to get the correct tax benefits from car donation, you should do some research beforehand. Start by checking to see if the charity you’re interested in holds a 501(c)(3) tax designation.

Next, make sure that the organization you selected will accept your car donation. Some organizations might do drives for car donations, others may accept them year round, while others may not accept them at all.

Do the Paperwork

There is a lot of paperwork required for almost any mode of getting rid of a car (selling, trading, destroying, etc.). The charity you choose might be able to assist you in completing the proper paperwork correctly or answer any questions you might have.
If you choose to donate a car through Rawhide, simply fill out the form on their website; they will contact you to arrange a free pickup (within 24-48 hours), and provide you with the proper tax documentation for your deduction in case you get audited.

You can claim a tax deduction based on the value it sells for at auction, or if that is not applicable, based on the fair market value of the vehicle. Please speak with a tax professional if you have specific questions about claims or forms to ensure everything is filled out properly.

Share with Your Friends

What to Know When You to Donate a Car
Congrats! You have donated your car! Share your excitement with your friends and on social media. Donating a car is not always something that people remember when their car is no longer needed, or when they are looking for ways to give to a good cause. Seeing you do this good thing will be a reminder for others that it’s an option.

So don’t let that beat up old car rot in your front yard, and stop worrying that it might not start when we want to drive it to the junkyard: donate a car to a Madison charity today!

Thursday, April 21, 2016

Car Donation: How to Value Your Gift

Car Donation: How to Value Your Gift

Most people make gifts to charities because they genuinely believe in the work that the organization does, and because they want to help others in their local or global community.  In addition to the great feeling that comes from helping others, most donors know they are likely entitled to a deduction on their Federal Income Tax.  This is a pretty simple matter when the gift is a cash donation.  It can become a bit more complicated when the gift is an in-kind donation, including a car donation.  Before you consider a car donation Milwaukee, make sure that you are valuing your used vehicle correctly and that you will be satisfied with the amount of your tax deduction.

Milwaukee Car Donation--Make a Correct Valuation

The first thing that a lot of used car owners need to get over, and also a factor that leads many to consider giving their vehicle to a car donation charity Milwaukee, is that your car may not be worth as much as you think.  Make sure you know the market value of your vehicle before donating it so that you are not disappointed when you receive a receipt from the Milwaukee car donation charity showing that your car sold for much less than expected.  Here are a few ways to find the market value for your vehicle as you make a decision about whether to sell it, donate it, or do something else with it:
  • Utilize a web site that will tell you several values for your car.  The most popular of these websites will be likely to tell you how much you might expect to get for your car as a trade-in, how much you might sell it for privately, and how much a dealer might expect to get for a comparable used car.  It is reasonable to expect that a Milwaukee car donation charity will sell your car at auction, which means that the receipt you subsequently receive (which is generally going to be the amount of your tax deduction) will likely show a value somewhat close to the trade-in price.

  • Do not expect the charity to be able to provide you with a tax deduction that is anything close to the highest value listed for your car, which would be the amount for which a dealer might sell a similar vehicle.

Sunday, April 17, 2016

Know What's Involved in Making a Boat Donation

Know What's Involved in Making a Boat Donation

Almost everyone makes charitable donations from time to time. We all understand that these contributions are one of the best ways to help others who may be in need. But there are a few perks in it for the donor too, aside from that good feeling. If your boat donation is valuable enough it can serve as a way to get a reduction in your tax due. While donating a boat may not be the first thing you think about when wanting to support your favorite charity, there are some great ways it can benefit an organization that goes far beyond a cash reward.

Tax Benefits from Donating a Boat

There are quite a few benefits that you can receive from donating a boat. First of all, these can be quite rewarding if you've followed the IRS guidelines properly. Anyone who makes boat donations can write them off on their tax returns. Just make sure that the organization you choose to support is IRS approved and has a 501(c)(3) designation. While you may wish to contribute to other organizations, if you really want that write off, you'll only be able to donate to such charities.

Make Sure the Paperwork Is in Order

You will also need to make sure that all the paperwork is in order. That means more than just getting a receipt for the boat and attaching it to your tax return. You'll have to complete the forms according to IRS instructions and submit them properly. You also have to satisfy the requirements of the DMV as well, including transferring the title, cancelling the insurance, and collecting any other paperwork that may be associated with the boat.

Work with the Charity

Also, you will want to work with the charity to make sure that everything is followed through. Boat donations are not a single transaction that can be handled in one day. Usually, the organization will accept the donation and then resell it for the money, but they may also opt to use it to help them with their work. Whatever the case, as the donor, you need to get documented information on how the charity uses the boat to their benefit. You'll need that information to file with your tax return.

There are a lot of rewards involved with donating a boat, but before you can receive them, you need to make sure that your contribution is handled in the right way.

Thursday, April 14, 2016

Car Donations Benefit You at Tax Time

Car Donations Benefit You at Tax Time

Filling out your Federal Income Tax or going to see your tax accountant can be one of the most stressful things you do all year.  One of the best ways to decrease your stress is to make sure you are able to keep as much of your hard earned income as possible instead of paying it to the government as income tax.  While every tax paying citizen is entitled to a standard personal deduction at tax time, itemizing you deductions can add up to an even larger total deduction.

Car Donations Milwaukee

In Milwaukee, car donations are accepted by many local charities.  These kinds of donations are just exactly what you would think.  If you have an old car that you no longer use or want, you can donate it in exchange for a tax deduction that you can add to your other deductions on your itemized return.  Older cars that will have a very low trade-in value at a dealership, as well as non-working cars, are typically happily accepted by car donation charities such as Rawhide

Tax Benefits

In 2005, the Internal Revenue Service enacted specific guidelines to let you know exactly how much you can deduct when you donate a car to charity.
  • If the charity sells your vehicle, you can claim the fair market value of your vehicle up to $500, or the amount that the vehicle sells for if it is less than the fair market value.  The majority of charities that accept donated vehicles are able and willing to help you fill out your paperwork so that you can realize the maximum tax donation for your vehicle.
  • If your donated vehicle is sold for more than $500, you can claim the exact amount for which the vehicle sells.
  • Once your vehicle is sold, you will be mailed a notification that states the amount of the tax deduction you can take for your donated vehicle.
  • If the charity will use your vehicle in their mission, for example by transporting children they serve to arts and culture or sporting activities, you can claim the full market value of the vehicle as your tax deduction.
While filing a tax deduction is great, there are many other benefits to donating a car as well. Visit to learn more. 

Friday, April 8, 2016

How Everyone Benefits from Donating Boats

How Everyone Benefits from Donating Boats

Once you've decided to donate a boat to charity, you're opening yourself up to some benefits for yourself as well. Whether you plan to donate a sailboat, powerboat, yacht, or even a houseboat, you'll find that the entire process can be quick and easy and that there are a lot of benefits to be had for everyone concerned.

However, it is important to remember that whenever you're donating boats to charity there are a few things you'll have to take into consideration before getting started.

Determine If Your Boat Is Acceptable

Every charity has its own requirements for accepting boat donations. Rawhide, whose website you can find at, for example, is open to accepting nearly any donation you offer and will even arrange for pick up if needed. Simply call ahead to make the arrangements. That way, the process can be handled in a quick and orderly way without wasting valuable time.

How They Will Work for Maximum Benefit

You can be assured that whenever you're giving boats as gifts to organizations like Rawhide, they will be very appreciative of your gift and will use it to the maximum benefit they can get. So, if your boat is in need of repair when they receive it, they may decide to do some renovation before they put it on the market. If it is not in working condition at all, they will likely still be able to accept your donation. They may opt to sell it for its parts or they may choose to auction it off to the highest bidder. Just keep in mind that Rawhide boats will use donations to maximize the benefit for the charity.

Benefits for You

This does not mean that you won't get any benefits when making your donation. In addition to the satisfaction and pride you'll have for providing such a valuable gift to support someone in need, you'll also have earned a nice little tax deduction that can be used to offset your tax liability when tax time rolls around. That can be a plus for just about everyone.

There are many good reasons why you may be considering making your boat a gift for a worthy cause. It is one of the few actions one can make that ensures that both the giver and receiver will benefit.