What To Consider When You Donate A Car

Sometimes, we all wish that there was something we could do to give back to our community. After all, there's something wonderful about knowing that you did something good for another human being or group. Unfortunately, finding the cash to make a traditional donation to a local charity isn't as simple as it seems. Not only do you need to track down the money out of your savings accounts, but it can also be difficult to prove that you deserve any kind of recompense for your donation.

While people generally don't donate to charity just to get something back, it's worth noting that when they give to charity, it can potentially have a positive impact on their finances. For instance, did you know that when you donate a car to a 501(c)3 registered charitable organization, you can get a tax deduction?

How to Donate a Car to Charity

Donating a car to charity in the modern world is easier than you might think. Many of today's non-profits know that their donors don't have enough cash to hand over as a gift, which makes it a reasonable option for them to simply give away their unwanted vehicles. Of course, if you want to get the most out of your car donation there are various factors to consider when you donate cars.

The first thing you'll need to do is go online and find out whether there are any local charities in your area that accept car donations. There's a good chance that you'll be able to find at least a few. Click on their website and find out as much as you can about what they plan to do with the vehicle donations they will receive.

Getting Your Tax Deduction

Once you've chosen a charity that's right for you, make sure that you double-check to ensure that the charity is 501(c)3 registered with the IRS. If they have, then you can ask them to give you a receipt when you donate a car to their cause. That receipt will act as proof of the value of your donation, and you can use it to get a significant deduction on your tax return at the end of the year.