3 Easy Steps To Donate a Car and Get a Deduction
by: Brandon Hopkins
At one time or another it will happen to just about everyone. You will get your W-2's from your employer, and sure enough you made some money!
That is a good thing right? Yes and no. It is a good thing as long as you had the adequate amount of taxes deducted during the year, but what if you didn't? What if you owe the government money on April 15th?
This can be a scary situation for most people, and can end up costing you dearly. What do you do if you owe the government more money than you have?
Find a deduction! If you have an old car sitting around or one that isn't running, they will work perfectly. Maybe you even have a car you've thought about trading in, that will work as well.
Here are 3 easy steps to an income tax deduction by donating a car (or other vehicle).
1. Do your homework.
There are many sites on the internet that offer free information about donating a vehicle. Is your vehicle worth more than $500? Can you deduct the full amount? Can you donate a motorhome? It is best to get this information from a third party so that they will not have a stake in what they are telling you.
A great site for information on donating a car can be found at Car Donations Online. Car Donations Online is a third party organization with no financial ties to any charity or nonprofit company.
2. Find your charity or nonprofit organization.
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3 Easy Steps To Donate a Car and Get a Deduction
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About The Author
Brandon Hopkins is the owner and founder of Car Donations Online, the most informative car donation site on the internet. He is available for speaking engagements and article writing. He may be contacted through his website at http://www.Car-Donations-Online.com.
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Find more information on car donations to non profits at the Nonprofit Information Marketplace. |
