The Truth About Car Donations Green Bay Programs

If you've ever wanted to do something wonderful for a local charitable cause in Green Bay, Wisconsin, but you've struggled to find the time to volunteer or the money to donate, there may be a new solution. In recent years, many modern charities have begun to explore new ways of allowing their sponsors to support them with various asset-based donations. For instance, did you know that you can give something back to your community and get rid of an old car with car donations Green Bay program?

Through a car donation, you provide your local charity with an asset to be sold or used for transportation purposes. In return, they give you their gratitude, along with a receipt that can be transformed into a valuable tax deduction. This will allow you to deduct the value of your donated car from your taxable income.

Getting the Most Out of a Car Donations Green Bay Program

To get the most out of a car donations Green Bay program, you'll need to do a number of things. First of all, it's important to make sure that you're comfortable with the donate car Green Bay charity that you've chosen to give your vehicle to. You may not have more than one car to donate, so take the time to search through the website of your chosen non-profit and find out what they do.

While you're on the website, make sure that your charity is 501(c)3 registered with the IRS. This will allow you to apply for your tax deduction when the time comes to file your tax return. Most non-profits like these car donation Green Bay organizations will include these important details on their website. You can also call the charity to find out more.

Valuing Your Car Donation

Some people who choose to donate their vehicle also decide to have that car valued by a third-party. This helps to make sure that you're getting a tax deduction that's equal to the value of your car. Although this isn't a necessary approach for everyone, it may be a good idea if your vehicle is worth more than five hundred dollars. You should also remember that there are extra forms to fill out with the IRS if you have a high-value car to donate.