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Car Donation

Across the nation, an increasing number of charities have turned to car donation programs in recent years as an effective way to raise money. And these car donation programs, if well managed by the charity, can offer significant benefits for the exempt organization and the taxpayer.

Of 129 million individual returns filed for tax year 2000, the GAO estimates 733,000 returns had a tax deduction for a vehicle donation. These car donations were valued at about $2.5 billion, reducing taxpayer liability by an estimated $654 million.

For a taxpayer, the appeal of a car donation is simple: Unload an old car, help a worthy cause and take advantage of tax provisions designed to support the generosity of Americans. Taxpayers who itemize deductions on their tax return can deduct no more than the fair market value of their contributions to qualified charities.

1st-in-car-donation.com will provide you with all the necessary information you need in order to make an informed decision about your Car Donation.