|
| Home | Ask the Charity Expert | Charity Archive | Charity RSS Feeds | Advertise | Sitemap |
10 Things to Know Before You Donate Your Car to Charity |
|
contribute to this site?
Charity Menu |
10 Things to Know Before You Donate Your Car to CharityBy Leigh A. Zaykoski Donating your car to charity can be a worthy pursuit that rewards you with a feeling of goodwill and some small tax benefits at the end of the tax year. Before donating your car to a charity, there are ten things you should know to make the donation benefit everyone involved. 1. When you donate your car to a charity, you will need to get a receipt for tax purposes. This receipt should have the name of the organization, contact information, the organizations tax identification number, and the signature of an authorized representative. Keep this receipt handy for filing your tax return and file it carefully in case you should ever be audited by the Internal Revenue Service. 2. Youll need to keep your car in good condition in order to donate it to a charity. Just like you wouldnt want to drive a car that is not in good condition, a charity does not want to have to deal with a car that is in bad condition. 3. Keeping your car clean is an important part of taking care of it. Make sure you wash your car regularly and keep the interior free of dust and dirt. 4. Donating your car to a charity must be carefully researched. Make sure you find an organization that is a legitimate nonprofit organization or your donation will not be recognized by the Internal Revenue Service. You would then lose out on any tax benefits anticipated from donating your car. 5. You can find a legitimate charity that accepts car donations by using a number of resources. Check online by using the search terms 'car donation' or 'donating cars to charity.' You can also check with local associations to find opportunities. 6. Talk with an accountant or tax advisor to determine the benefits of donating your car for your particular situation. 7. Get the best value for your car by keeping it in good condition. This will allow you to reap the biggest tax benefits. 8. Be sure to keep all documentation for your car so the new owner will have information on maintenance and car specifications. 9. Take all of your belongings out of the car before donating it to charity. This will make it easier for the charity to get the car in good condition for auction. 10. Finally, keep the true spirit of car donation in mind as you go through
the process. Be cooperative with nonprofit staff members and keep in mind how
your donation will improve someone elses life. About the Author: Leigh A. Zaykoski is the President and CEO of A Wealth of Words, Inc. A Wealth of Words is a corporation dedicated to providing high quality web content and business writing services to companies in all industries. Working with Leigh and her company can help you to more effectively market your business and boost your profits. If youre interested in jumpstarting your online marketing efforts, visit www.premiumwriter.com for more information.
|
| Home | Ask the Charity Expert | Charity Archive | Charity RSS Feeds | Advertise | Sitemap |