Car Donation
Car donation or charity car donation or used car donation or
charitable car donation or donating a car to charity is the
practice of giving away no-longer-wanted cars, trucks, boats,
motorcycles and other vehicles to charity organizations. In the
United States, charitable donations provide a tax benefit; as
such, this type of giving has become very popular. For values
less than $500, the value of the tax deduction comes from the
donor's own estimate of the car's value, even if the charity
receives less money from actually selling the car.
Deductions for vehicle or car donations over this amount are
limited to the sale amount of the vehicle (usually at auction).
Some critics have claimed that this is essentially a tax
shelter. However, non-profit organizations in the US have come
to rely increasingly upon the revenue from car donations. This
type of donation has become increasingly widespread in the
U.S.; in 2000, 733,000 taxpayers reduced their taxes by $654
million.
Update: 2007 -- You can claim a
minimum $500 deduction on your itemized
federal tax return when you donate your car or other vehicle,
boat, motorcycle or truck. If your car sells for more
than $500, the sale price will be the amount you can claim as a
deduction. Most cars in the United States are
accepted for donation, old or new, running or not running. To
be eligible for a car donation, your car must have a clear
title, not be stripped of any parts, have 4 inflated tires and
be in a place where a tow truck can easily get to it to tow it
away. Some of the national charities your donation can help are
listed below or see National List: List of Car Donation
Charities
Also see: Deducting Vehicle or Car Donations If You
Donated a Car to Charity IRS TAX TIP 2007-58 on this website:
Car Donation Tax
Information and
Car Donation Tax Deduction
Many charities run car donation programs. Some have their
own car lots which sell the donated cars but many have their
donations processed through auto auction companies. Many
processing companies also collect and sell donated cars and
distribute the money to a charity the donor indicates. The
processing company typically takes a percentage of the sale
value of the car, but these programs allow charities without
their own facilities or staff dedicated to automotive donation
fundraising to benefit from vehicle donation programs.
Although advertised as an easy way to dispose of an old or
used car, donors need to fulfill certain post-donation
requirements to qualify for the tax deduction such as obtaining
a written acknowledgment of the car's subsequent sale by the
charity, and itemizing instead of taking the standard
deduction. Ideally, donors should also investigate how much
money from the sale of the car goes to the auction processor
and how much actually benefits the charity's programs, as
opposed to its administrative overhead.
Car Donations are popular in Canada and the US
in many states including: car donations CA (California),
Massachusetts, Minnesota, NY (New York), New Jersey,
Michigan, Illinois, Connecticut, Indiana, Maryland, Georgia,
Ohio, Virginia, Hawaii, Florida, Arizona, Oregon and Texas to
name a few.
Car donations in cities include: San
Francisco, Houston, Seattle, Boston, Chicago, the Bay area, Los
Angeles, Sacramento, Minneapolis, San Jose, San Diego,
Dallas and more.
Major charity car donation programs
include: Salvation Army, Purple Heart Car Donation
Program, Jewish Car Donation Program, Kidney Foundation
Car Donation Program, Target Car Donation Program, Goodwill Car
Donation Program, Make A Wish Foundation Car Donation program,
American Red Cross Car Donation Program.
Common
mispellings: xar donation, var donation,
far donation, dar donation, czr donation, csr donation, cwr
donation, cqr donation, cae donation, cad donation, caf
donation, cat donation, ca5 donation, ca4 donation, car
sonation, car xonation, car conation, car fonation, car
ronation, car eonation, car dination, car dknation, car
dlnation, car dpnation, car d0nation, car d9nation, car
dobation, car domation, car dojation, car dohation, car
donztion, car donstion, car donwtion, car donqtion, car
donarion, car donafion, car donagion, car donayion, car
dona6ion, car dona5ion, car donatuon, car donatjon, car
donatkon, car donatoon, car donat9on, car donat8on, car
donatiin, car donatikn, car donatiln, car donatipn, car
donati0n, car donati9n, car donatiob, car donatiom, car
donatioj, car donatioh, ar donation, cr donation, ca donation,
cardonation, car onation, car dnation, car doation, car
dontion, car donaion, car donaton, car donatin, car donatio,
acr donation, cra donation, ca rdonation, card onation, car
odnation, car dnoation, car doantion, car dontaion, car
donaiton, car donatoin, car donatino, ccar donation, caar
donation, carr donation, car ddonation, car doonation, car
donnation, car donaation, car donattion, car donatiion, car
donatioon, car donationn, sonate a car, xonate a car, conate a
car, fonate a car, ronate a car, eonate a car, dinate a car,
dknate a car, dlnate a car, dpnate a car, d0nate a car, d9nate
a car, dobate a car, domate a car, dojate a car, dohate a car,
donzte a car, donste a car, donwte a car, donqte a car, donare
a car, donafe a car, donage a car, donaye a car, dona6e a car,
dona5e a car, donatw a car, donats a car, donatd a car, donatr
a car, donat4 a car, donat3 a car, donate z car, donate s car,
donate w car, donate q car, donate a xar, donate a var, donate
a far, donate a dar, donate a czr, donate a csr, donate a cwr,
donate a cqr, donate a cae, donate a cad, donate a caf, donate
a cat, donate a ca5, donate a ca4, onate a car, dnate a car,
doate a car, donte a car, donae a car, donat a car, donatea
car, donate car, donate acar, donate a ar, donate a cr, donate
a ca, odnate a car, dnoate a car, doante a car, dontae a car,
donaet a car, donat ea car, donatea car, donate acar, donate ac
ar, donate a acr, donate a cra, ddonate a car, doonate a car,
donnate a car, donaate a car, donatte a car, donatee a car,
donate aa car, donate a ccar, donate a caar, donate a carr,
xharity, vharity, fharity, dharity, cgarity, cbarity, cnarity,
cjarity, cuarity, cyarity, chzrity, chsrity, chwrity, chqrity,
chaeity, chadity, chafity, chatity, cha5ity, cha4ity, charuty,
charjty, charkty, charoty, char9ty, char8ty, chariry, charify,
charigy, chariyy, chari6y, chari5y, charitt, charitg, charith,
charitu, charit7, charit6, harity, carity, chrity, chaity,
charty, chariy, charit, hcarity, cahrity, chraity, chairty,
chartiy, chariyt, ccharity, chharity, chaarity, charrity,
chariity, charitty, charityy, xharitable, vharitable,
fharitable, dharitable, cgaritable, cbaritable, cnaritable,
cjaritable, cuaritable, cyaritable, chzritable, chsritable,
chwritable, chqritable, chaeitable, chaditable, chafitable,
chatitable, cha5itable, cha4itable, charutable, charjtable,
charktable, charotable, char9table, char8table, charirable,
charifable, charigable, chariyable, chari6able, chari5able,
charitzble, charitsble, charitwble, charitqble, charitavle,
charitanle, charitahle, charitagle, charitabke, charitabpe,
charitaboe, charitablw, charitabls, charitabld, charitablr,
charitabl4, charitabl3, haritable, caritable, chritable,
chaitable, chartable, chariable, charitble, charitale,
charitabe, charitabl, hcaritable, cahritable, chraitable,
chairtable, chartiable, chariatble, charitbale, charitalbe,
charitabel, ccharitable, chharitable, chaaritable, charritable,
chariitable, charittable, charitaable, charitabble,
charitablle, charitablee
|