The Benefits Of Making A Boat Donation Wisconsin Donors Can Enjoy

If you have an old boat lying or floating around somewhere that you no longer want to use, you may be at a lost as to what to do with it, especially after you have realized that it is costing you a substantial amount of money each month. One option is to donate it to a charity like Rawhide, who will work hard to use the boat to improve their offerings. You may be surprised to find out just how many benefits, some direct and some indirect, that boat donation Wisconsin donors can experience.

External Benefits of Making a Boat Donation Wisconsin Residents Can Enjoy

Perhaps the greatest benefit of making a boat donation is that you get to help a charity so that they can therefore continue to deliver their important services. You benefit from that indirectly, because the work that they do has a positive impact on the community as a whole. The effect is that society improves of which you are part of. Meanwhile, you also protect the environment as your boat will no longer sit idle, contributing to pollution. Furthermore, donors will directly benefit as well. This is because when you make a boat donation, you:

1. Get to enjoy the fact that you did something good for the less fortunate. This will give you a happy glow, leaving you feeling better about yourself.
2. Will no longer have to pay for storage, maintenance, insurance, service, repairs, and all other costs associate with owning a boat.
3. Won't have to go through a lengthy sales process with people who are just time wasters, or who hope to get a really good deal (for them) out of the boat by haggling on the price for hours.
4. Get to claim a tax deduction based on the value of your boat.

The Boat Donation Tax Deduction

The tax deduction is what really interests many people. Essentially, when you donate a boat, you will get a tax receipt that shows the value of your donation. This is the amount that you can deduct from your income taxes as well. Naturally, there are some caveats attached to this, as nothing in the world of taxes is straightforward, but you will be able to make the deduction so long as your chosen charity is 501(c)3 registered.