So you’re planning to donate your old car to a charitable institution, but you’re not quite sure how to go about it? Read on to find out more:
Select a charitable foundation.
When choosing a charity, make sure that it is listed in the Internal Revenue Service as a 501(c)(3) public charity trust. This qualification helps you get tax deductions.
Hand over your car properly.
Transfer the title formally to your car donation processing service to avoid the risk of being liable for parking tickets and other violations.
Carry out paperwork thoroughly.
Document your car donation properly by asking for a written letter of acceptance from your car donation processing center. Complete the necessary IRS forms and include them in your annual tax returns.
Seek help from an agency.
You can rely on your car donation processing center to help with your car donation. They will handle all the paperwork for you and ensure that your vehicle is picked up and delivered.