Charities work very hard to raise the money that they need to operate properly and to do the great work that most of them do. When you donate a car for tax deduction, it gives non profit organizations a great way to raise funds and the IRS gives you the incentive to donate your car by giving you a tax credit. There can be a lot of pitfalls in the donation process, so it is always a good idea to learn more about this process before you donate a car for tax deduction.
It is always a good idea to check with the IRS to make sure that the charity that you wish to donate to is a qualified non profit organization. Also, some charities have very similar names, so make sure that the one you choose is really the group that you wish to support. You should generally transfer the title and take photos of your vehicle before you donate a car for tax deduction, just to protect yourself once it is out of your possession. You should also ask the non profit what percentage of the money that is raised from the sale of the car donation will actually go to them.
Making an informed choice is the best way to go, which will not only raise needed funds but will also protect you when you donate a car for tax deduction!
It is always a good idea to check with the IRS to make sure that the charity that you wish to donate to is a qualified non profit organization. Also, some charities have very similar names, so make sure that the one you choose is really the group that you wish to support. You should generally transfer the title and take photos of your vehicle before you donate a car for tax deduction, just to protect yourself once it is out of your possession. You should also ask the non profit what percentage of the money that is raised from the sale of the car donation will actually go to them.
Making an informed choice is the best way to go, which will not only raise needed funds but will also protect you when you donate a car for tax deduction!
"So how can you protect yourself from cheaters? And what about these new tax rules? Begin by asking a lot of questions of the charity........"
#CarDonation
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