How to Donate Your Car to Charity
Watch more How to Help Others videos: http://www.howcast.com/guides/50-How-to-Help-Others Subscribe to Howcast's YouTube Channel - http://howc.st/uLaHRS Follow these steps to donate your car to charity and make a difference in someone's life. Howcast uploads the highest quality how-to videos daily! Be sure to check out our playlists for guides that interest you: http://howc.st/ytmainplaylists Subscribe to Howcast's other YouTube Channels: Howcast Health Channel - http://howc.st/HOE3aY Howcast Video Games Channel - http://howc.st/tYKKrk Howcast Tech Channel - http://howc.st/rx9FwR Howcast Food Channel - http://howc.st/umBoJX Howcast Arts & Recreation Channel - http://howc.st/vmB86i Howcast Sports & Fitness Channel - http://howc.st/vKjUjm Howcast Personal Care & Style Channel - http://howc.st/vbbNt3 Howcast empowers people with engaging, useful how-to information wherever, whenever they need to know how. Emphasizing high-quality instructional videos, Howcast brings you experts who provide accurate information in easy-to-follow tutorials on everything from makeup, hairstyling, nail art design, and soccer to parkour, skateboarding, dancing, kissing, and much, much more. Step 1: Research charities Research charities that accept car donations. Make sure you do some leg work to find a reputable charity. You can do a lot of this research online. A good way to find out a little about the charity is to contact the Better Business Bureau. There are several options, especially in large cities like New York, New York and Los Angeles, California. Tip When looking for a place to donate your car, avoid using intermediaries, who might keep up to 90 percent of the donation value. Step 2: Check tax status Check to make sure the charity you choose is certified as eligible by the IRS so you can receive a tax deduction. Search Publication 78 on the IRS website. You can also call the IRS Tax Exempt/Government Entities Customer Service telephone number. Tip Deliver your car to the charity if you are able to -- it saves the charity money and time. Step 3: Determine the value Determine the value of your car. Use a used-car buying guide and follow their step-by-step instructions on adjusting value based on mileage and other conditional factors. The IRS has Publication 526, "Charitable Deductions" and Publication 561, "Determining the Value of Donated Property," which help assess a fair value. Step 4: Keep good records Keep good records of your donation. If your car is worth $500 or more, fill out IRS Form 8283 and attach it to your tax return. Keep all of your receipts and other information organized and easily accessible. Step 5: Pay attention Pay attention to all the details of this transaction. Not only will your donation be a huge help to someone who needs it, it will also provide you with a tax deduction. It often does pay to help. Did You Know? In 1960, the Bureau of Transportation Statistics calculated that there were more than 74 million registered vehicles on the road. This includes passenger cars, motorcycles, trucks, and buses. In 2007, the number shot to more than a quarter billion.