If a new car is in your future, you might consider donating your old car to a local charitable or service organization. Not only will your driveway look better, you could get a tax deduction for your donation. WHQR: Donors can call (866) WHQR-CAR from 8 a Donating a car to charity can be a significant and selfless act, especially during the holiday season. But if you’re looking to maximize the tax deduction for your charitable effort, there are a few specific points that you should consider, says Edmunds WARWICK station officer Dennis Burton and firefighter Brad Davey need old cars for the station’s Road Crash Rescue Course next month. Michael Cormack IF YOU have an old car and want to get rid of it, the Warwick Fire Station would love to hear from you. 4BC Breakfast: Have you spotted the billboards around town asking you to 'donate your car’. These signs are part of a campaign by charity, Kids Under Cover, to raise funds for vulnerable young people between the ages of 12 and 25 who are either already SANTA MONICA, CA--Dec. 10, 2013: Donating a car to charity can be a significant and selfless act, especially during the holiday season. But if you're looking to maximize the tax deduction for your charitable effort, there are a few specific points that you Seems delightfully simple…until someone steals your car off the lot where the charity was storing it until auction. What not everyone knows about donating vehicles is that you don’t get to deduct the Kelly Blue Book value of the car that you donated. .
You're not sure what you'd get for your old beater you've decided to finally part ways with, but it's not a lot — not even enough to justify the hassle of selling. Instead of driving to a rough part of town and abandoning it with the keys inside One of the negative aspects of buying a new car is the annoyance involved with getting rid of your old car. Many individuals find the trade-in allowance offered by dealers (if any) to be well below the car's true value. But the alternative of selling the At least once a month a client or friend will mention that they are thinking of donating their car to a favorite charity. Most think they can get a tax deduction equal to the book value of the car they are donating. They are wrong. Three years ago, the Today’s feature: Your ratty old car that no longer runs, or perhaps runs sporadically. Price: Trade-in value, Kelley Blue Book. Marketer’s pitch: Take my car, please! Conventional wisdom: Donating cars to charity seems like a good way to help people .
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