Home | FAQ | About Us | Contact Us | Site Map | Exchange Links
Article Directory
Articles Area
Home Login / Register Browse Articles Search Articles Submit an Article Get RSS Feeds Add Free Article Content Most Viewed Latest Articles Article Ratings
Guidelines
Authors Publishers
Partners
ArticlesArea


Home | Finance | Taxes | A Car Donation Does ...

A Car Donation Does Make a Big Difference

Submitted by Jay on Friday Jul 07, 2006 and viewed 392 times
Total Word Count: 411
Author Rating: NA

Rate this article | Publisher | Print
As a charitable contribution, a car donation could make a big difference.
Mother nature's fury, floods, hurricanes, and earthquakes, have wreaked havoc on many people, and communities. As a result of these devastating events, homes, and lives have been destroyed. Rebuilding infrastructure and property, requires a great deal of resources, and capital. Federal, and local financial aid are much needed, however this aid falls short of what is truly required. Individual contributions are vital to fill these vast short falls. Beyond monetary contributions, donating a used vehicle can greatly benefit the needs of these desperate communities. A car donation is a process whereby both the donors, and the recipients benefit from the transaction.

Car Donations are relatively easy, and are done through a charity vehicle donation program. Generally, a telephone call is all that is necessary, in addition to a clear title to the automobile. Many charities will take vehicles that are running or not running. The car donation program will arrange for the vehicle to be picked up, conduct a charity auction sale, and distribute the proceeds to the charity of your choice. It is important to have the following information ready before you make the call:

-Owner's name
-Owner's address
-Owner's telephone number - work and home
-Owner's e-mail address
-Year, Make and model of vehicle
-Running Condition?
-Address where the vehicle is located.
-Approximate mileage on vehicle

Your car donation is fully tax deductible, as long as the charity is a registered 501(c)3 organization. A registered 501(c)3 organization is a non-profit organization permitted by the IRS to accept contributions and offer donors a tax deduction for their gifts. Thanks to a new tax law in effect as of January 2005, the IRS has taken the guesswork out of determining the value of your vehicle. You may deduct the full price that is received from the sale of your car. This greatly simplifies the process, because you no longer have to research and arrive at an estimate of the fair market value of the vehicle. This also eliminates the risk of getting into trouble by overstating the value of your deduction on your tax return. You'll know exactly the amount you may deduct, eliminating guesswork, and saving both time and risk.

A car donation will help provide humanitarian aid, and disaster relief for devastated areas, and communities. Additionally, a car donation will eliminate the hassles of selling a car, and give something back to a community in need at the same time. A car donation can and will make a difference.
ArticleSource: ArticlesAlley.com
About the author
Jay B Stockman is a contributing editor for Charity Car Donation Service Resource Visit http://www.car-donation-usa.com/ for more information.
Additional articles in Taxes
Please Rate This Article

Number of ratings: 0
Rating: 0

© Copyright ArticlesAlley.com - All Rights Reserved Worldwide. | Privacy Policy | Terms of Use