What You Need to Know Before Making Tax-Deductible Car Donations

What You Need to Know Before Making Tax-Deductible Car Donations
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Mike Valles
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Many people need a free car. They may currently be out of work and are trying to find a job, but cannot get to it without a car. Some people needing a car may be women who are now divorced and have no way to get to work and cannot afford a car. Still others may be victims of domestic violence. Car donations made to charitable organizations can help these people and give you a tax-deductible tax break, too.

Many charitable groups now accept donations of cars. Once they receive a car, it is either sold wholesale at an auction to car dealers or it may be sold for parts to an auto salvage yard. Some of these organizations will also accept other kinds of vehicles, such as motorcycles, trucks, boats, farm equipment, recreational vehicles, aircraft, riding lawnmowers, motorized wheelchairs, and even construction equipment.

Get a Tax Deduction for Your Car

The good news is that you can get a tax deduction for your used car or other vehicle. Even vehicles that no longer run and have been sitting in your yard for some time may qualify. In most cases, the charitable organization will pick up the car for you.
Mike Valles
Mike Valles
Author
Mike Valles has been a freelance writer for many years and focuses on personal finance articles. He writes articles and blog posts for companies and lenders of all sizes and seeks to provide quality information that is up-to-date and easy to understand.
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