Charity can be made in various ways though donating something different and worthwhile is the most unique and straightforward way to give back to your local community. If you have a car which is old or hasn’t been operational for a while, it would probably the best thing to donate it for a good cause. You might be convinced that your vehicle is not really worth much or not going to be used by any family member. To the contrary, if you donate it, it can help lots of people for many uses whilst gaining you something good. Accordingly, donating your car is the best way to do away with it, keeping all the good it will do in the mind. Following is why, how and where to donate car to charity California.
What Vehicle You Want to Donate and Why
Whether it is a truck, RVs, SUV, passenger car or even a junk vehicle, you can donate any types of cars to charity. All you need to do is to prove your ownership for the vehicle you want to donate to any charity around. You may also think why you should plan donating your car to charity. Well, there are several reasons that you can think of. The most obvious one, however, is to help humanitarian goals that include anything from aiding the disabled, the emergency relief, the orphans to assisting those individuals or groups who provide meal and/or educational programs to the needy.
How to Start with Your Donations
One of the great ways to start with your donation process is to conduct an online search for the charities in California. Make sure the charity you choose actually accepts vehicle donations since there are many small organizations that cannot handle big donations hence avoid accepting them. Nonetheless, deciding on the best charity program means you will need to perform a good research. Generally, with the internet, you can quickly and easily look for all of them and find the information you will need to donate car to charity California. This will also help you speak to their representative who can describe the actual procedure and the rules associated to tax deductions. You can also share all of your concerns regarding charity with them in order to satisfy yourself.
How to Donate Car to Charity California
When you search online for the charities in your city, look for the programs you want to work for. Then, find out the total value of the car you want to give away by using online version of the relevant tools. At this point, it is critical to learn how you can take away your donation from your taxable earning which is going to be more than several hundred dollars. The actual charity will tell you once they complete the selling process of donated car and get the selling total. The amount you get from this process is what you should use to understand your deductions.
Additionally, it is critical to know what amount could be eaten by overhead in any organization because you do not want any middle person to eat up a significant portion of your donation. Therefore, choose an organization that do not use a middleman and cuts out additional charges that often incurred by most charities. You can make use of an online tool, known as Charity Navigator which is designed to assist users to find out those who can take your car. Also, it may help you have an analysis of the amount each charity spends on overhead. Charitable services need some sort of paperwork to complete the process. Make sure you carefully complete the form sent by the charity as well as clean your vehicle and empty all possessions before it is picked up.
Investigating the Organization before Donations to Obtain Tax Benefits
When it comes to donate car to charity California, you should be sure about the authenticity of the organization you want to work with. To do so, you can visit the IRS website and go through the publication 78. Typically taking the vehicle direct to the donation area on your own means the charity is going to get more funds since they need to pay a company to tow the vehicle to their donation area. You may also like to know the amount your vehicle was bought at in the auction. Try to get a receipt of the sale especially if you think that your car could be sold at more than $500.00. The main reason why the IRS investigate vehicle donation is that many donors claim that their vehicle could bring more than $500.00 as they deemed their cars should have been auctioned for more. Even if your car is not even worth much, it is still recommended to get a sale receipt from the charity. You may need to fill out an IRS Form 8283 to work with your payable taxes in the even that your car is sold at over $500.00. Make sure you take this form from the official site of IRS and fill it up carefully for the record.
Do the Necessary Paperwork
While it is simply great when you donate car to charity California, you may also want to make the most out of it for yourself. In addition to taking care of your tax benefits, it is important to fill out the ownership title form when handing over the car’s title to the charity. Doing so is critically important because it will save you from being in trouble in the event that if the car is used in criminal activity or vice versa. If a charity asks you to give them a blank title when turning over the car, they have, indeed, doubtful intentions hence it is better not to donate the vehicle to that organization. Likewise, when it comes to donate car to charity California, you need to be sure that each detail is documented and maintained in form of decent records. You may also like to take pictures of the car and keep your copy of the filled title change form and other evidences, such as receipts from the organization, demonstrating that you have donated the car. This information will be required to justify your case if the IRS wants to audit you.