How to Donate Cars in MA

Rully Nur'mansyah    6/26/2016    How to Donate Cars in MA    Comment   

There are lesser people wanting to make cash donation so many charity organizations are now accepting car donations instead. The charity will usually sell the car or sell the parts in the car to raise funds for their charity causes. There are thousands of charities that accept car donations and not all charities are equally efficient. The most important thing is that the charity organization where you donate your car deserve your car donation gift. For example, you should pick a charity organization that is truly involved in charity work such as provide food for those living in poverty, orphanage.

If you want to get some tax benefits, make sure to confirm with them that your car donation will be qualified for tax deduction. Being qualified for tax deduction means that the charity organization has to be 501(c)(3) certified by the IRS. Besides, the charity must also be using your donated car to help people in need for example giving to a car for a poor family who don’t have any transportation. There are two option on the 1040 annual income tax return form. If you choose standard deduction, you won’t be able to get a tax deduction by donating the car to the charity. You can only be qualified for tax deduction if you choose the itemize deductions.

Before you can receive the tax deduction, you must attach the bill of sale in your tax form. The charity is responsible for sending the bill of sale within 30 days. The bill of sale is a legal proof that you have transferred ownership of the car to the charity organization. The purpose of the bill of sale is to avoid future liability. It contains information such as make/model, VIN, your name and address, date of change and the name of the charity organization you donated the car.

Some charity organizations do not accept car for donation so you should check with them first. After you have verified that the charity organization accept car as donation, you should check the Charity Navigator rating. You can do a research on Guidestar to find out how much is the pay of the employee that receive the highest salary. You may also want to pay a visit to the charity organization prior to making the car donation.

When looking to donate your car, there are a few questions you should ask the charity. If your car has already been in use for more than 20 years, you should ask them if they will accept it. You must find out from the about the overhead costs such as gas, transportation and etc. You also should ask them how long they will be taking to transfer the title.

You can find out from them where they will be keeping the vehicles before selling it. If they are going to sell the vehicle, you can find out how much time they will take to sell the vehicles. Sometimes, the turnaround of the sale of the vehicles depend on the make/model of the car so you should check with the charity about this.