DONATE CAR TO CHARITY PURPLE HEART FOR FREE
DONATE CAR TO CHARITY PURPLE HEART HOW TO

For vehicles, these include the Kelley Blue Book, Edmunds, the Hearst Black Book, or the National Automobile Dealers Association.

The IRS requires you to use a reputable pricing guide to determine the fair market value. While you’ll probably have to deduct the car’s sale price, certain circumstances could cause you to need to deduct the fair market value instead.

It represents the money you give up to donate. The fair market value is the amount you could sell a vehicle for in its current condition. Use the tax-exempt organization search tool on the IRS website to find the charity you’re considering. And that means your donation won’t be tax-deductible. If it doesn’t have 501(c)(3) nonprofit organization status with the IRS, it’s not a charity. Although they incur some costs (such as towing fees), the best charities work with auction houses that deliver them at least 70% from the sale. Check with the Better Business Bureau, Charity Watch, or Charity Navigator to ensure the charity you’re considering is highly rated. To maximize your contribution, ensure the charity you choose is: That means very little ends up in the hands of the charity. But they typically take a significant cut in the form of commissions and fees. They often take the form of an intermediary company that offers to arrange the sale and donate the proceeds. Unfortunately, scammers abound in the car donation industry. It’s best to donate directly to charities, who work with their own vetted resellers. Or you can check out our list of the best places to donate your vehicle.Īside from a few highly reputable exceptions like Donate A Car, avoid third-party auction houses that claim to resell your vehicle on behalf of a charity and donate the proceeds. Alternatively, if you already have a charity in mind, call and ask if it has a car donation program. Research CharitiesĪn internet search provides plenty of national and local charities that accept all kinds of vehicle donations.

Ensure the donation process goes smoothly by following the proper steps. But there are occasions when you want to follow every detail to the letter, especially if the value of your contribution is over $500.

DONATE CAR TO CHARITY PURPLE HEART HOW TO

How to Donate a Used Car to Charityĭonating motor vehicles to a charity doesn’t have to be complicated. So follow these steps to ensure the charity gets the most value from your donation and you’re able to claim the deduction without any trouble with the IRS. But if you want to maximize your tax deduction, things get more complicated. Most charities make it easy to donate in just a few simple steps.

DONATE CAR TO CHARITY PURPLE HEART FOR FREE

Plus, charities haul your old car off for free - even if it no longer runs. Whatever reason you’re looking to unload an old car, donating it to charity can sometimes help you get more value than trading it in if you can take the charitable contribution deduction. But now they need something you’re confident will go the distance before you drive them cross-country to set up their college dorm room in the fall. That cheap used car you bought for your teen got them around your little town just fine.

Donate car to charity purple heart