What You Need to Know Before Making Tax-Deductible Car Donations
Many people need a free car. They may currently be out of work and are trying to find a job, but cannot get to it without a car. Some people needing a car may be women who are now divorced and have no way to get to work and cannot afford a car. Still others may be victims of domestic violence. Car donations made to charitable organizations can help these people and give you a tax-deductible tax break, too.
Many charitable groups now accept donations of cars. Once they receive a car, it is either sold wholesale at an auction to car dealers or it may be sold for parts to an auto salvage yard. Some of these organizations will also accept other kinds of vehicles, such as motorcycles, trucks, boats, farm equipment, recreational vehicles, aircraft, riding lawnmowers, motorized wheelchairs, and even construction equipment….