Posts Tagged ‘used car donation’

Tis The Season To Be Donating A Car

Friday, December 24th, 2010

The holidays usually bring out the best in everyone, with many individuals donating to charities or volunteering their time to help out others who are less fortunate. There are many great reasons why you should consider donating your car to charity this time of year, and the fact that it is the holidays is only one of them.

Holiday Giving

No matter your religion or lack thereof, we could all use a little more kindness in the world, and when you donate a car, you are helping someone who desperately needs it while helping yourself at the same time. With a car donation to our organization, a substantial portion of the proceeds go directly to children who aren’t in a position to help themselves. On top of that, you also receive a tax deduction from the government, so you don’t have anything to lose besides that piece of junk that has taken over your garage.

There are four main benefits to donating your car now. It helps the charities and the individuals it represents, it helps you, it helps spread the cheer this holiday season and also it helps to donate now because the deadline is quickly approaching to donate your car for this year’s tax deductions.

Whether this is something you have been considering for some time or it is something that you only recently thought of, it is always a good idea. The end of the year is coming up fast, and there is no time like the present to give a gift of your own.

Countdown to Final 2010 Car Donation Tax Deductions

Friday, December 10th, 2010

The year is quickly winding down. The holiday season is here, and we are all extremely busy with various commitments and activities. Before you know it, the year will be over and you may have missed your chance to donate a car to charity. This, of course, means you may have also missed your chance to take a sizeable tax deduction. If you get everything in order now, though, you can do some good for some worthy and needy organizations, and still make sure you can claim the proper deduction on this year’s returns.

December 31 is the cutoff day for getting a car donation tax deduction this year. Time may be running out, but if you start getting ready now, you can still make sure that the entire process goes smoothly.

Starting the Process

The holidays are always really busy, but if you take the time to get everything in order, you won’t run into any snags at the last minute. We previously covered some of the IRS tips for making charitable donations, and this is a great place to get started.

In basic terms, you need to get all your documentation in order and ready to go. You are going to have to itemize the contribution on Form 1040, Schedule A, and you will be required to keep records of donation and the amount you received. Keep these documents safe, because even though your car donation has to be made by the end of the year, you may not actually file your returns until next April. If you lose those documents between now and then, you could be in for some hard times down the road.

Planning Ahead

With only days left before the end of the year, you have to plan ahead to get the most out of donating a car. It could take some time to get an appraisal if you have a particularly valuable car, or the tow services might be backed up because you’re not the only one trying to get a last minute donation in before the end of the year. Now is the time to make your donations. There are many worthy causes out there that need your help, and if you want to maximize your returns, be sure to get it done as fast as you can.

Get Your Car Donation Tax Deduction

Friday, October 29th, 2010

Getting in Your Deduction

The year is winding down, and as November gets started and the holiday season begins to claim our attention, the idea of paying our taxes gets pushed to the bottom of the priority list. However, if you are sitting on a vehicle that has seen better days or you intend to donate a car for the tax deduction, it has to be done before December 31 at 11:59pm.

If you are going to donate a car and take a deduction on your 2010 taxes, you should start the process as soon as possible. Right now, there are a lot of people who are thinking about donating their own cars at the last minute, and soon it will be difficult to set an appointment for pickup that fits your schedule, and you are going to feel rushed and pressured to get all the paperwork in order. December is coming faster than you think, and you don’t want to let your car donation tax deduction get lost in the holiday rush.

Tax Deduction

Get Organized

We’ve given a lot of car donation tips and information on this blog, and by adhering to these practices and starting the process as early as possible you can make the most of your car donation tax deduction. Wondering where to get started? Take a moment and review some of these important posts:

Just remember, when you are planning on taking a car donation tax deduction, you should get as much information as you can before you start the process. However, you should also remember that we’re ready to provide all the support and help we can to make this experience as simple and painless as possible.

Car Donations Decline in a Bad Economy

Wednesday, October 27th, 2010

As individuals, we’ve all been hit by the bad economy. In economies like this, people are inclined to hold onto everything they have, spend less, and unfortunately, give less. Even now that it is recovering, people are slow to donate cars to charity.

These charities rely on the generosity of others, and cannot function without the support (financial and otherwise) given by people who care. When it comes to car donations, more people are disposed to wait and hang onto their old cars, either because they do not have the extra money to purchase a new car or because they hope to get more money from selling their old car in a better economy.

Experts say this decline is only to be expected, but the truth of the matter is that the charities are not able to help as many people as they have in the past, even though there is a higher need for it now in a bad economy. Though people are struggling and need the help of these charities, their hands are tied without the support of individuals like yourself.

Adding to the decline of the economy, fewer people are donating cars because of the changes to the IRS policies. Many people assume that the process is now too difficult to make it worth it, but car donations are still easy if you choose the right organization to help you through the process—every step of the way.

If you are interested in donating a car to charity, there is no better time like the present. Make a difference and feel the warmth that comes from doing something for someone in need.

Reasons To Donate A Car To Charity

Wednesday, October 13th, 2010

The reasons to donate a car are many—some of them are practical while others are more emotional, but all of them can make you stop and think. On the practical side of things, your current car might be getting a little older, less reliable and it might not have all the safety features available in newer cars.

Sometimes, the repair costs on an older vehicle can add up to more than the car is really worth, which might mean it’s time to donate it to charity. You want your family to be safe, which is easier done with a new car. While you might try selling your clunker, you probably won’t get enough money to make it worth your time.

However, with donating, it is easy and emotionally satisfying. With this simple act, you are helping out those who cannot help themselves. Every little bit helps, and when you combine your donation with all the others received at our organization, you can see why we can make a bigger difference.

Some people wonder how long it takes to donate a car to charity, and the answer is not long at all. Once you call us, we will schedule a time to pick up your vehicle and have you sign the paperwork—everything is on your timetable.

When your car has reached the end of its road, you can still use it to benefit others. We take care of all the details, so the entire process runs smoothly and you are left with that warm fuzzy feeling you get when you know you’ve done something good. Also keep in mind that you will qualify for a car donation tax deduction.