How to Donate a Car to Charity in California: Car donation is one of the best ways to help and assistance to individuals who have to need without problem himself. It is a good alternative for people who have the old car by getting rid of an old useless vehicle. With this donation, you are also helping to other individuals. Donate Car for Charity is proud to accept car donations in California.
There are 20 % of Poor families not able to buy the vehicles. They have spent the large price of their earnings in transport. Social organizations provide them a car or money through your donation. The poor families are also happy through getting the car or money.
Donate your car, truck, RV or boat by following these 5 easy steps:
Step 1: Decide What To Donate:
You can donate any car, motorcycle, truck, SUV, boat or RV that you own. To prove ownership, you will need to have the name for your vehicle, or we will be unable to accept the donation.
Step 2: Determine The Value of Vehicle:
The IRS has taken the estimate out of determining the value of your vehicle. You may deduct the full price that they receive from the sale of your vehicle. This greatly shortens the process for you, the donor, because you no longer have to research and come up with an estimate of the fair market value of the vehicle. This also removes the risk of you getting into difficulty by overstating the value of your deduction on your tax return. You’ll know exactly the amount you may deduct, eliminating estimation, and saving you both time and risk.
When Charity picks up your vehicle at the time you will get a receipt, and as a follow up they will send you a second receipt later, as soon as they sell it, letting you know the exact amount for which it sold. That amount is your tax deduction.
If the age or condition of your vehicle is such that your tax deduction works out to be less than $500, you may use its fair market value instead of the sale price. For more information on determining fair market value for cars value less than $500.
Step 3: Complete Donation Form:
Complete the donation form with your vehicle details. Once the charity has received your form and reviewed your information, they will contact you to start the donation process.
Step 4: Acquire The name, Arrange For Pickup:
Once they’ve reviewed your information, they will arrange to pick up your donated vehicle (where applicable; to decide if pick up is available in your area, Make sure you have the name in hand, you have cleaned all personal possessions out of the vehicle. Since most pickups are done through a local towing company, make sure that you pass any special instructions on to Donate Car for Charity ahead of time.
Step 5: Get Your Tax Benefit:
The charity will give you a receipt for your donation, which you can then use to gain your tax deduction. Read the official IRS Information page for details on getting this deduction.
Once you submit your vehicle information, it is reviewed to ensure they get you the best tax deduction option possible. You will also be provided with all paperwork necessary in order to properly claim your tax deduction.