Automobile Charitable Donations
Proceeds from the sale of your donated vehicle will help habitat families build strength stability and self reliance in the united states.
Automobile charitable donations. Donating your car to charity can result in significant tax savings if you include it in your charitable contribution deduction. There are lots of washington based charities in and around the seattle area and beyond that can receive car donations in washington state before you select the charity for your wa car donation if you have any questions please read through our frequently asked questions on car donation to learn how our program works and why. Donated vehicles have expressed the feeling they have been given a second chance. Specifically if your car is valued over 250 then you need to obtain and retain a written acknowledgment from the charity.
However doing a little planning will ensure that you maximize the tax savings of your donation. Car buying pricing. Consult a tax professional do your research complete the paperwork file it away and prepare to enjoy a nice deduction on tax day. The military order of the purple heart is a trustable organization that provides aid to purple heart recipients as well as to all veterans.
The charity makes a significant intervening use of the vehicle such as using it to deliver meals on wheels. Purple heart car donations the purple heart is an award created in 1782 by george washington to provide recognition to veterans of the military of the u s. Donating your car to charity is a sure way to make you feel good but if you want to receive a tax benefit you ll need to follow the guidelines outlined in this article. During the holidays many consumers receive a multitude of donation requests from charitable organizations as well as crowdfunding sites and other online giving platforms.
The internal revenue service irs requires you to calculate your deduction in one of two ways depending on how the charity uses your donation. Charity cars encounter with receivers is the receipt of a car donation has a profound impact. Non cash donations are the most common triggers of irs audits so it is important to keep thorough documentation of a car donation. Plus it s fast and easy to do and you may qualify for a tax deduction.
Donate a car in washington wa. Car donation wizard is the car donation tool provided by commercial fundraising organization advanced remarketing services which consistently passes on over 80 percent of the proceeds to the charities that contract with them including habitat for humanity. The charity makes a material improvement to the vehicle i e major repairs that significantly increase its value and not mere painting or cleaning. Donating your vehicle to habitat for humanity is a great way to support our work.
