car donations ca

For many people, the car donation tax deduction can be a great way to make some money off of an old car that you can't afford to repair or that you can't seem to sell. The way this works is that you donate the car to a charity or non profit organization in your town. In return for your donation, you will receive a receipt for the value of your donated car.

When you file your taxes the next April, you can claim this donation, and it typically works to reduce your taxable income. This is not the same as cash in your pocket right way, but it's definitely better than paying someone to get rid of your car. Don't forget that you won't see any money right away: it only comes in the form of paying less taxes at the end of the year when you file your tax returns and write a check to the government.

After receiving your donation, the charity will sell the car for the greatest possible price in order to pay for their operations. In many cases, these non profit organizations will accept cars that are not running and may even come pick it up. While they do making getting the car donation tax deduction quite easy, don't forget that you will probably make more money by selling the car yourself if possible. Donating the car should be a last resort if you are truly interested in getting as much value out of the car as possible.

Learn more about the car donation tax deduction.

car donations ca