How To Choose Boat Donation Programs Wisconsin

If you've ever thought of donating a boat to charity before, you'll know that the decision isn't always an easy one to make. First of all, most people first think about selling their boats, before they consider donating them. After all, a boat is an expensive investment, and there's nothing wrong with wanting to get back some of the money that you spent on the vehicle originally. Unfortunately, selling a boat is often a very difficult and time-consuming process, which is why donation represents such a good alternative.

Of course, you probably only have one boat to donate, which means that you need to think carefully about where you're going to give your vehicle to, and what you can do to improve the benefits you get out of your donation.

Choosing Boat Donation Programs Wisconsin

When it comes to choosing boat donation programs Wisconsin, donors need to consider a number of things. To begin with, go online and look for charities in your area that can accept boat donations. Once you find non-profits that appeal to you, go to their website and find out how they're going to use your vehicle. If you choose a charity that's going to sell the boat at auction, remember that you will only be able to claim a tax deduction that's equal to the amount the boat sells for.

Another thing to keep in mind with boat donation programs Wisconsin, is that you'll need to choose a 501(c)3 registered charity to receive your donation. If you give your boat to a non-registered charity, then you will not have the right to claim a tax deduction for your donation.

Getting a Tax Deduction for Your Boat Donation

If you do make your donation to a properly registered non-profit, then you should be able to claim a deduction from your taxable income at the end of the year. Just remember to include the tax receipt in your tax return that highlights the details of your boat donation, including the time and date that you gave your boat to charity. You will need to claim your deduction in the same year that you make your donation, and you may find that there are additional forms to fill out depending on the value of your boat.