Donating Your Car To Charity. If you have a vehicle that you rarely use anymore takes up space in your garage and you no longer want it may be the perfect time to donate your vehicle. Do not donate your car if you cannot confirm that your contribution will go to a charity. If you donate the vehicle the tax deduction depends on whether you itemize and what the charity does with the vehicle.
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In fact both the donor and the charity recipient can equally benefit from a vehicle donation. Donating your car with Charity Car is easy. Most charities are not set up to directly receive vehicles as a form of donation.
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Plus its fast and easy to do and you may qualify for a tax deduction. Most charities will report the sales price of your car on Form 1098-C. Some charities may sell cars and receive competitive prices for them making your car donation worthwhile.
Give a car to charity to raise funds for them.
Use that price as the amount of your deduction. Make sure your intended recipient has 501 c 3 public charity status. Some charities also offer additional incentives for auto donations including free vacations or vacation and cruise vouchers. The process is too complicated time consuming and costly for them thus making it a difficult or impossible form of fundraising.
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Most charities will report the sales price of your car on Form 1098-C.
