Thursday, March 18, 2010

What you need to know about Car Donations for Charities:

Car donations are 100% tax deductible. After filling out a car donation form, you will receive a receipt for your tax deduction. There are some cases where your tax deduction is greater then the value of your car!

Proceeds go to the Vietnam Veterans of America Charity. Many of the veterans that fought for our freedom are struggling with their health. With the rising healthcare costs, the end is not in sight. Car, truck and van donations will help veterans get back on their feet.

Cars for the needy: Your car donation will allow the less fortunate to get cars at a budget they can afford. Without methods of transportation, it can be a daily struggle to find a way to get to work.

Better for the Environment: instead of giving away your car to a junk or salvage yard, donate your vehicle to a reputable charity. There is always someone that will need a vehicle for transportation.

Auto Restorations and Collectors:
Often donated cars will catch the eye of auto mechanics and professional restorers as well. There are many car restorers that would love to get their hands on a sports car, no matter if it is running or not.

Unsure of what to do with your car:

Many wonder of what to do with their old car and may not want to pay for someone to toll it away. Many Veteran charities will tow your car away for free. So all you have to do is fill out a car donation form online and wait for your tax deduction.


Lastly, verify that the charity is approved by the IRS to receive car donations. If they are not approved by the IRS, your generous donation may end in the wrong hands.

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