car donations ca

In the last decade, vehicle donation has become a popular means of writing off taxes while helping people in need at the same time. However, charities have seen a fall in car donations recently. Until 2004, there were a number of loopholes within the tax system that allowed people to exploit the advantages offered to car donors but now that the government has made it more difficult to exploit these loopholes charities have seen a drop in the number of cars donated to them. This doesn't mean that auto donation is a thing of the past but it has meant some changes in the best way to donate. Unlike before, you can now donate a car that is much older.

The governing body has set a new limit, meaning that the old clunker sitting in your front yard can get you as much as $500 in tax repayments. An increasing number of people have now realized that they can use this low cut off rate to their advantage and are donating older cars than ever before. This might seem like cheating but remember that the charity will also benefit from this deal. Charities like Goodwill Industries and The American Red Cross are always happy to receive donations of any value.

Because of the current economic situation, people feel a need to hang on to everything, especially anything valuable. If you are thinking of donating a car in this climate, it is a good time to get rid of that old wreck that has been taking up space in your front yard. Even in the harsh automotive conditions, and in some much-needed TLC you can get 500 yuan of tax deduction. There is no need to leave an old banger to rust on your driveway. If you donate it to charity you could receive a $500 tax deduction in return.

Are you a philanthropist looking for ways to give back to your community? Visit http://www.charitydispatch.com to learn more about how you can do just that by donating your vehicle for a good cause.

car donations ca