Before 2004, donating a car to charity was a popular tax gambit. People would take thousands of dollars worth of tax deductions (no matter what the car ended up fetching for the charity at...
In theory, donating used cars to "charities" helps you unload vehicles, aid a cause and lower your tax burden. In reality, it's rarely such a win-win.
Donate your car to one of our many local and national charity partners through our easy car donation scheme. Visit our website and donate today.
Here's a walk-through of some of the considerations involved in donating a car to charity.
The car donation process is really simple when you donate with Kars4Kids and we'll pick up your car within 48 hours. Just fill out a form online or call us anytime to schedule a free, convenient pi...
Giving up an old car to charity may qualify you for a tax deduction. And charities benefit because even junk cars are more valuable amid high prices for new and used vehicles.
A charity that uses a donated vehicle for transportation or hauling goods obviously benefits directly from such a donation. However, in many cases donated cars will be sold en masse, either by the...
Vetmade Industries has a vaunted mission: To return disabled warriors to the workforce. It boasts that “93 percent of funds go directly to the cause of helping our heroes.” · Well-meaning folks donated cars worth more than $2 million to Tampa-based Vetmade in 2015 – but only $91,348 made it to the charity, according to data from the California Attorney General. That’s 4.5 percent. What happened to the overwhelming bulk of that money? About $1.9 million – 95.5 percent of revenues – was spent by a company called Just Donated Inc. in ...
Donating your old car to charity is a great way to help a charitable organization in your community and you can even get a tax receipt. Using our NO FEE program is the best way to donate your junk car.
While donating a used car will help a driver in need this holiday season, don't expect it to change significantly your taxes alone.