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
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