Why Car Donation Services are Vital
If you feel like you want to assist a charity organization, you can choose to give your car. When you give out your car, you will save a lot, more so when you offer it to a charitable organization. When donating your car, it is a good idea to practice causation to avoid getting in the hands of fraudsters in the industry. One of the ways in which false car donation companies use in tricking car owners is false advertising. Before you can give your car to charity, you need to make sure that you are working with right organization. Choosing car donation services can be hectic, however, by following these tips, you can find out more here about choosing the right organizations that will best meet your needs
One of the ways on which car owners can ensure that they are partnering with the right charity organizations is by researching on them. When searching, you may want to check if it has 501(c)(3) non-profit status with the IRS. In the event you choose to work with an organization that does not have a 501(c)(3) non-profit status with the IRS, it is sign that it is not a charity and our car is not tax-deductible.
Another way of giving your car to charity is by picking efficient charity organizations. The market is flooded with many charity organizations. However, to ensure that you are getting the right one, look for those that have been evaluated by an organization that monitors the operations of charities and rate them for efficiency.
In addition to working with the right charity, you need to itemize your donation on your returns. By doing so, you will take a tax deduction for your donation. It is worth nothing that before you can claim, you need to observe certain rules. According to the rules, taxpayers are allowed to deduct the full market value of a donated car under three main circumstances. If you want to deduct the full market value of the car you had donated, the charity you choose needs to be using the vehicle in its operations. The other condition in which you can deduct the full market value of the car us when the charity decides to move the car to sell or use it. Another instance in which you can get the full market value of the donated car is when the charity organization donates or sells it to a needy person for below market value. When you do not meet these conditions you will only be allowed to deduct what the charity receives from selling the car. One of the beneficiaries of car donation is Rawhide Youth Services.
Before you can donate your car, make sure that the charity is licensed. By checking the license documents of the charity, you can have the assurance that you are not dealing with a fraud organization.
Another Source: blog link