Donating a car to charity can be a great way to avoid the hassle
of selling a car and be able to cash in the tax deduction. Then you are
also able to help a non-profit organization of your choice.
Here are some ways that you can safeguard your donation and make sure that you don't get taken advantage of by a third party donation service.
Deliver the Car Yourself - To make sure that your car makes it to the charity you are donating it to, donate the car yourself.
Find a Non Profit Organization - In order for your car donation to be tax deductible, it must be donated to an IRS approved 501c3 non profit organization. You can verify whether or not the organization qualifies by checking directly on the IRS website. They have a list of all of those types of organizations.
If You Use a Third Party, Find Out How Much Is Donated - Its important to find out how much of the car donation will be donated to charity if you are doing the donation through a third party. This is important to find out so that you will know how much of it will be tax deductible. Check with your tax accountant to make sure.
Research The Background of The Third Party Company - If you are considering using a 3rd party to donate the car through, make sure you check online for reviews of that company. Also, make sure you check with the Better Business Bureau.
Here are some ways that you can safeguard your donation and make sure that you don't get taken advantage of by a third party donation service.
Deliver the Car Yourself - To make sure that your car makes it to the charity you are donating it to, donate the car yourself.
Find a Non Profit Organization - In order for your car donation to be tax deductible, it must be donated to an IRS approved 501c3 non profit organization. You can verify whether or not the organization qualifies by checking directly on the IRS website. They have a list of all of those types of organizations.
If You Use a Third Party, Find Out How Much Is Donated - Its important to find out how much of the car donation will be donated to charity if you are doing the donation through a third party. This is important to find out so that you will know how much of it will be tax deductible. Check with your tax accountant to make sure.
Research The Background of The Third Party Company - If you are considering using a 3rd party to donate the car through, make sure you check online for reviews of that company. Also, make sure you check with the Better Business Bureau.
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