There are two major reasons that many residents of the Golden State would consider a car donation to charity. If you ask why donate a car in California, the first answer that I would give is the benefits that your donation to charity will make. Many non profit organizations that help people or animals in need rely on the generosity of the people in their communities to provide the funds they need to provide their services. When you donate a car in California, the proceeds of the sale, after the expenses, are donated to the charity of your choice. The second reason as to why donate a car in California is for the tax deduction that you can take. The IRS provides you the opportunity to deduct the Fair Market Value of your vehicle at tax time, which can certainly help to lower the taxes that you owe. As with any donation, it is important to get and keep any necessary documentation that will be needed. For your convenience, we have provided a link on our blog for you to view the IRS Rules concerning vehicle donations. Remember, you can also donate trucks, RV’s, boats, motorcycles and more! Donor’s Guide to Vehicle Donation So why donate a car in California? Save on your taxes, even eliminate the haggling that comes with selling a used car, but most importantly, get that good feeling that comes when you donate a car in California and help people and animals in need!
Read the entire article at Car Donation Tax Deduction News
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Originally published at cardonationtaxdeductionnews.blogspot.com on August 12, 2015.
