How to Make a Tax Deductible Donation

Perhaps you have a junk car sitting in your garage, and you’re having a really difficult time figuring out how to say goodbye to that old pal. Maybe you’ve seen some advertisements saying “Donate a Car to Help a Charity.” Sometimes you hear about car donation programs on the radio or the TV. But have you ever paid any attention? Well, maybe you should. Because you can solve your little problem by donating your car to charity. It’s really a very simple process. All you have to do is to get in touch with the organization, and their representative will come to your house to pick up your car.

Donate the car to a good cause
When you donate your car, you are helping a charity to keep its programs running. These programs may include giving assistance to homeless children and families, providing their basic needs like shelter, clothes, and food.

Donating a junk car is also a simple way to get a tax deduction. But there are a few things you should be aware of when you donate your car:
● Make sure to choose a charity that is IRS accredited.
● There are two different forms you might need to fill out when donating a car. If the cost of your car is more than $500, then section A in the 8283 form must be filled out. On the other hand, if the car costs more than $5000, section B of this form must be filled out.
● A certification granted by the charity must be given to the donor whether the car has not been sold within a month or the car has been modified.
● Information like a valid e-mail address, residency address, and phone number must be provided by the donor.
● Read terms and conditions carefully before committing to donating a car.
● In order to claim the tax deduction, you must have the title to your car before donating it to charity.

Better than selling
It is very convenient for you to just donate your car instead of selling it. Looking for a buyer, contacting a car dealer, doing the test drive, reconditioning and advertising your car would just waste so much of your time. Why exert so much effort when you can just as easily give the car to charity? Aside from getting the benefit of the tax deduction, you can also bring a huge positive change to someone’s life. For more details visit http://hftb.org/