Donate Cars in NJ In CT In KC In Utah In Maryland In Michigan In MA In virginia in Arizona In Massac: Donating My Car

Sunday 19 May 2013

Donating My Car

Donating My Car Biography

Source (google.com.pk)

Everyone has an intention to collaborate and contribute to the social growth of the children in one way or the other. It does not require a lot of money or big empire to do so. All you need is a big heart and a pious intention for the cause. With just a small step in the form of a car donation, you can change the life of at least one small child. The car which has been used by you for decades or years may not hold any value for you but for a small child, it means access to a better childhood. It means access to education and healthcare facilities. Your small step will bring smile to at least one face. So donate my car to charity will help not one child live a proper life but Children welfare.

Effects of your donation

Due to your donation of a car, at least one small child will get access to basic facilities like education, health care and food.

Your car donation will help the underprivileged and children with disadvantageous situations. It will involve the local communities.

Your donation will boost the culture of charity and will encourage other people to donate too.

Your donation will give you a lot of peace too. You will feel relaxed and comforted by the fact that because of your small donation, a small child is happy somewhere.

Your donation is not about money or anything like that. It is about self-driven motive to help small children and other neglected classes of the society.

Process of Donation

The first question is where to donate my car? You can carry out the donation of car through online web portals that offer you the services. Be careful to choose the right vendor.

The process is very easy when it comes to the online donation. All you need to do is to fill out a simple form that will allow you to donate your car. The form is very simple to fill and contains some basic details.

The second step is that you will have to schedule the car delivery in actual sense i.e. you will have to fix a time when the person from the online portal will come and collect the car. You can schedule the pick up any time when it is convenient to you. The portal generally offers 24 x 7 services.

The third step is that you will get rewarded for your charity. You will get an IRS donation tax deduction receipt that will allow you for a 100 % tax deduction for this donation.

Be careful

Charity should be done in good faith but should be blindly done so that the donation never reaches the needy. The web portal should tell you that what will happen with that car i.e. whether if the portal wants to sell the car and create a fund for underprivileged or will they employ the vehicle for some other purpose.

The vehicle may be of no use for you but for the children, it will be no less than a boon for life.

There are a few exceptions. For example, you may base your deduction on the vehicle's fair market value if the charity sells it to a needy individual at a discounted price or if the charity uses the car as part of its mission instead of selling it.

If the claimed deduction is $500 or less, the IRS will also allow you to deduct the car's fair market value.

Maggie Doedtman, manager of tax advice delivery for H&R Block, said donors should not be discouraged by the new rules. She said the key to avoiding IRS scrutiny is to get full documentation of your donation, including a 1098-C form, from the charity. The paperwork should state the gross proceeds of the sale or indicate if one of the exceptions apply.

"You want to continue to be charitable," Doedtman said, "but you do want to make sure you have the documentation to support your donation."