Tuesday, September 10, 2019

Choosing a Car Charity Green Bay for the Highest Possible Deduction

Donating a car Green Bay can mean that you get a significant deduction on your taxes.  To help ensure that your car donation Green Bay tax deduction is as high as it can be, choose your car charity Green Bay carefully.

Determining car donation Green Bay tax deduction


Determining your car donation Green Bay tax deduction is often not as easy as just looking up the value of the vehicle.  Most car donation charities Green Bay sell vehicle donations and the amount that you can claim for your car donation Green Bay tax deduction is the amount of the sale.  Exceptions include:
  • Vehicle donations Green Bay that the charity keeps.  When this happens, you can use a reliable used car price guide (such as www.kbb.com) and that is the amount that you can claim for your car donation Green Bay tax deduction.
  • If the value of the vehicle is less than $500.  In this case, you can claim the estimated value even if the car charity Green Bay receives less.
  • If the estimated value is more than $500 but the car donation charity Green Bay sells it for less than $500 you can claim $500 as your car donation Green Bay tax deduction.

Choosing your car charity Green Bay

Because your car donation Green Bay will most likely be sold again after the charity has looked it over, you can help maximize your deduction by doing some research before you choose your car donation charity Green Bay (https://www.rawhide.org/locations/rawhide-car-donation-green-bay/).  First, look for a car donation charity that is well-established. Newly established car donation charity organizations are less likely to be experienced getting the most for their car donations Green Bay when they auction them off or sell them.  Also, your car donation charity should have a good reputation and should take the car donation directly without using a middleman. 

You may also want to consider what type of charity your organization of choice is and what they do with the vehicle donations Green Bay before they are sold.  If you can find a car donation charity Green Bay that cleans and details car donations Green Bay before selling them, the vehicle donation Green Bay may sell for a higher price in the end - which will not only benefit you, but can also benefit the new vehicle owners in the long run, too.

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