Your Simple Guide To Car Donation Madison

You might not have known until recently, that if you wanted to support one of your local charities in Madison, Wisconsin, you could do a lot more than just give them money. If you don't have extra cash in your bank to make a cash donation, and you don't have enough time to go and volunteer for a few hours every week, then you could always consider making a car donation instead.

Car donation Madison charities allow you to give something back to your local community, without breaking into your hard-earned savings. If you've got an old and unwanted car in your driveway, then it could be one of the best ways for you to do something great this year.

What Are Car Donation Madison Charities?

A car donation charity is a non-profit organization that can take vehicle donations instead of cash gifts. These groups might use the cars that they receive to help them complete their goals as a non-profit, or they might sell them at auction and use the money that they make for crucial purchases.

Today, you can find plenty of incredible organizations like Rawhide that willingly accept car donations. With the help of your chosen charity, you can arrange to get your old car off your driveway in a matter of days. What's more, you don't have to worry about paying for advertisements in the local paper to try to find a buyer.

Financial Benefits of a Car Donation

Not only is car donation good for your soul, but it might be great for your bank account too. When you do something generous like donate your vehicle to a group in need, the IRS recognizes this action and rewards you for it. As long as you get a valid receipt for your donation to a 501(c)3 registered charity, you will be able to claim the value of your vehicle as a deduction on your next tax return.

That means that you end up with more money in your pocket. What's more, since you're not paying for the car tax or insurance on a vehicle that you no longer want to use, you could find that you end up with a lot more cash in your budget!

Visit the IRS website or call the government's toll free number to find out more about charitable deductions, and contact your car donations Madison charity for information about how to donate your car.