The Benefits of Donating Your Car

If you want to help the less fortunate in your community, there are a number of options.  You can serve food at the local soup kitchen or donate your old books to the local homeless shelter. There are also ways that you can donate to local charities. Giving your time and money is important for the success of food pantries, nonprofits and shelters in your community.

Another way you can help is by providing something that people are missing. Donating your old car is a great way to do this. Car donations can help families in need and give them the boost they need for upward mobility. There are also other benefits to donating your car that you should know about.

Donating Is Fast and Simple

Donating your car is one of the easiest ways to get rid of it. You will not have to worry about selling it online or taking it to a car dealer to trade it. If you try to sell your car, it can take months to sell and this can increase your stress levels.

Tax Deduction

Many people do not realize that there are financial benefits to donating your car. When you donate the car, you can deduct the value of the vehicle on your tax return. The amount you can deduct will vary depending on the charity you donate the car to.This could be close or the same as you would make if you sold the car.

Before you donate the car, you should get a few estimates to understand the exact value. You will also need to donate the vehicle to a qualified, IRS recognized and tax-exempt charity. How the charity uses your donation will impact the value of the tax deduction.

Provide Job Opportunities

When you donate your car, you could be opening the doors of opportunity for the recipient. When you provide a family with a means of transport, you will provide them with independence and make it possible for them to look for work outside public transport or walking limits. You can also provide a family with a means of taking their children to extracurricular activities providing them with a better life and potential future.  Mobility is a very important part of life and independent means of transport can change lives.

Helping Your Community

When you do something that helps your community, you will feel a sense of pride and satisfaction.  You can feel more connected to your community when you help, and this is a great way to interact with people from different walks of life.