Car Donating
Nearly 90% of taxpayers do not itemize their deductions, according to the IRS. Unless you own a business and that business is donating the vehicle, you're likely not going to get any tax savings at all.
car donating
High-income earners who don't have children or other dependents may benefit, but the hurdle is still pretty high. The standard deduction for 2021 is $12,550 for single taxpayers, $18,800 for heads of households, and $25,100 for those filing jointly. If your itemized deductions are less than those numbers, you won't get any financial benefit from donating a car.
Beyond the numbers, there is a greater sense of purpose when you donate a vehicle to a cause you feel strongly about. When my son was diagnosed with Crohn's disease, I bought a 1994 Ford Explorer for $100, fixed it up, and sold it for $2,000. Replicating that process several more times (with a 1999 Ford Ranger, 2000 Ford F-150, 1999 Mercury Cougar, 2006 and 2007 Chrysler PT Cruisers, and 1999 Dodge Intrepid) earned enough to make a $4,500 donation to the Crohn's and Colitis Foundation along with $500 towards a local food bank. I didn't take a tax deduction. But I did do what mattered to me. When you have a personal connection to a charity, donating a vehicle can pay dividends beyond just a tax break.
How do I select a charity to donate my car? Many charities solicit donations of cars. Before donating your car, make sure that the charity is a 501(c)(3) organization and is properly registered with the Attorney General's Charities Bureau. You should also find out what it will do with the car or the money it receives by selling it. Contact the charity to find out how it spends its money. Review the charity's financial reports to see how much of its money is used for charitable programs and how much is used for administrative costs. Financial reports of charities are available on the Attorney General's web site at www.charitiesnys.com
How do I know what the charity will do with my car? Some charities sell the cars they receive either at auctions or to junk yards as scrap. Others use them for their programs or give them to needy people. Before donating your car, you should ask how your car will be used and, if it will be sold, how much the charity will receive.
What should I do with my license plates when I donate my car? You should remove your license plates when donating your car. If they remain on the car, you may be responsible for parking tickets and other violations of law. Consult the New York State Department of Motor Vehicles at for information concerning removal, transfer and surrender of plates.
What should I do if a towing company asks me to donate my car? Many charities have arrangements with for-profit towing companies that advertise that donated cars will benefit a charity. Often, the towing company pays the charity a fixed amount, sometimes very little, to the charity, regardless of the value of the car. Before donating your car to such companies, find out how much the charity will get from your donation. Better yet, find a charity that will accept your donation directly.
Before donating your motor vehicle, ask the charity how the donation will be used. Some charities use the proceeds from the sale of donated vehicles to benefit their other programs. Some charities will work through other organizations which may auction off the vehicle and keep a large percentage of the proceeds for their fees.
FAQWhat are the benefits of donating my car to KPBS?KPBS benefits by receiving a cash donation to fund new and existing programs and increase community awareness through local events. You benefit by being able to reduce your taxable income when taxes are itemized. Plus you avoid the costs associated with selling your car. No need to pay for advertising, no loss of privacy and possible security risk, and no need to pay for vehicle registration, insurance, and repairs to keep your car in running condition while you wait for a buyer.
How long will it take to pick up my vehicle?We make donating your car as simple and convenient as possible. A tow company will contact you within two to three business days. Call our representatives at 877-KPBS-CAR (877-572-7227).
Will I get a tax receipt for my donation?Yes, our driver will issue a receipt at the time of pick-up. This is not your final tax receipt unless the sale of your vehicle does not exceed $500. This initial acknowledgement will indicate your name as well as the year, make, model and condition of the car you are donating. It will be your only receipt if your vehicle sells for less than $500.
Arizona Public Media informs, inspires and connects our community by bringing people and ideas together. We connect you to the community and the world through the intellectual and creative resources of the University of Arizona. We are leaders within the community and industry, embracing new technologies, ideas, and partnerships. Our efforts in service to the community are sustained by the investment of individual supporters in partnership with the University of Arizona, the business community, and the Corporation for Public Broadcasting. Donate a car, truck, motorcycle, or RV to Arizona Public Media and help keep our community informed and ensure access to quality programming. Each vehicle donation helps Arizona Public Media provide engaging, creative, and informative programming. Make a difference today by donating a vehicle. Have a car, truck, motorcycle, or RV taking up space in your driveway? Donate a vehicle to Arizona Public Media!
Even though we try to make donating to Maine Public easy, we understand that you may have additional questions regarding the donation process, tax deductions, and motor vehicle regulations. We've compiled a list of frequently asked questions to help provide answers to questions you may have about donating your used car, truck, RV, boat, camper or other vehicle. If you have additional questions, please do not hesitate to reach out to our Donor Support Line at: 877-672-6644.
Even though we make donating to Nebraska Public Media easy, we understand that you may have additional questions regarding the vehicle donation process, tax deductions, andmotor vehicle regulations. We've compiled a list of frequently asked questions to help provide answers to questions you may have about donating your used car, truck, RV, boat, camper or other vehicle.
Yes! Our vehicle donation program can provide quick and convenient vehicle pick-up and towing just about anywhere in all 50 states. We provide vehicle donation processing in the contiguous 48 states as well as the District of Columbia, without limitation. In Alaska, we service the Fairbanks and Anchorage areas with a 50-mile service radius. In Hawaii, we service the island of Oahu and the island of Hawaii. If you are outside of Nebraska, and have questions about donating to Nebraska Public Media, please contact us via our secure online vehicle donation form, or call us toll-free at 844-CAR-2638 (844-227-2638) seven days a week during regular hours of operation.
In most cases, you will receive an initial donation receipt from the tow driver at the time of your vehicle pick-up. This initial acknowledgement will indicate your name as well as the year, make, model and condition of the vehicle you are donating. You will then be mailed a thank-you letter on behalf of Nebraska Public Media, which serves as a tax receipt, within 30 days of the sale of the vehicle. This will be your final tax document if your vehicle sold for less than $500.
Even though we make donating a car to The Maryland School for the Blind easy, we understand that you may have additional questions regarding the vehicle donation process, tax deductions, andmotor vehicle regulations. We've compiled a list of frequently asked questions to help provide answers to questions you may have about donating your used car, truck, RV, boat, camper or other vehicle.
Yes! Our vehicle donation program can provide quick and convenient vehicle pick-up and towing just about anywhere in all 50 states. We provide vehicle donation processing in the contiguous 48 states as well as the District of Columbia, without limitation. In Alaska, we service the Fairbanks and Anchorage areas with a 50-mile service radius. In Hawaii, we service the island of Oahu and the island of Hawaii. If you are outside of Maryland, and have questions about donating to The Maryland School for the Blind, please contact us via our secure online vehicle donation form, or call us toll-free at 1-844-830-GIVE (1-844-830-4483) seven days a week during regular hours of operation.
In most cases, you will receive an initial donation receipt from the tow driver at the time of your vehicle pick-up. This initial acknowledgement will indicate your name as well as the year, make, model and condition of the vehicle you are donating. You will then be mailed a thank-you letter on behalf of The Maryland School for the Blind, which serves as a tax receipt, within 30 days of the sale of the vehicle. This will be your final tax document if your vehicle sold for less than $500.
Support WTTW by donating a car, boat, motorcycle, truck, or other vehicle. When you make a donation, your vehicle is resold at an auction, and the proceeds go to WTTW. For more information, please call (866) 740-9889 toll-free, or click here. 041b061a72