give a Car Donation

You can spot them in a drive way in almost any neighborhood, some are hidden behind closed garage doors, while others are covered up…I’m talking about unused, unwanted and junk cars. They sit and sit when they can be put to better use. If you have an old clunker you should really consider car donation.


 

Aside from clearing space there are a few benefits to car donation. It’s an opportunity give knowing you are helping people in need which can be personally fulfilling. It is also a way to get a tax break.
Donating cars is not entirely a new concept. That is why the IRS formulated new rules regarding tax deductions when you donate a car. The internet makes car donations appear as easy as one, two, three, but in reality you really have to be serious in your intent in donating a car because it entails certain responsibilities.
A Deduction Of The Deduction


The IRS has certain stipulations that have to be followed for a person to qualify for tax credit. Contribution of automobiles to authorized charities may only be deducted, if the goods are summarily itemized on the tax payers schedule A in the 1040 form.

In closing please note the charity, its address, the date of your car donation, a description of your car and the place it was donated in. Also, keep a copy of the written acknowledgment for yourself.