The car donation process sounds so simple: Donate your used vehicle to charity and receive a tax deduction while you help those in need. It’s a win-win situation, right? Not necessarily. Without a little planning and preparation, it can be easy for well-meaning donors like you to end up stumbling and fumbling with deductions come tax time.
Choosing to donate a car in NY through organizations like Miles Ahead Donations opens the opportunity to a lot of advantages, ranging from a sense of moral fulfilment to tangible financial benefits.
No matter what your reason may be, you would probably agree that getting tax donations would have to be one of its greatest perks.
The car’s value can also be determined by using IRS-approved resources such as reliable used-car price guides. Such resources, like the Kelley Blue Book, are available in most local libraries and even online. The Kelley Blue Book works by listing all relevant car models and makes, and the specific values that come with them. It is an indispensable source of information for people looking to either sell or donate a car in New York and elsewhere.