Some people love the idea of helping folks right in their town or county, but some popular charities operate on a more national or global scale.Įven most local charities in Oregon or the surrounding areas have a national parent organization, so this is more important for people who really want to make sure the local community benefits. One of the first decision points we recommend that you consider is whether the charity you want to donate to is local or national. There's a number you can call to verify this with the IRS at 1-87. If the tax write-off is important to you, make sure that you've chosen an eligible 501(c)(3) entity. This is technically the last step, but it's so important we're putting it first. Here's our recommended approach: Make Sure It's An Eligible Non-Profit There are a ton of great eligible organizations, so many that it can be a little overwhelming. One of the parts that can be challenging for many Oregon residents is choosing the perfect charity to donate their vehicle to. Many donation programs local to Oregon and Nationally will happily accept other types of vehicles like motorcycles, RVs, Boats, 4x4s, and more! If you've got a vehicle you need to get rid of, this is always an option worth investigating! Got an old clunker that's just taking up space in a driveway or garage? No problem! Most charities will happily accept vehicles that aren't running and have them picked up at no cost to you! It's a headache free way to rid yourself of a problem and put some cash in the pocket of a worthy charity. In fact, they may be doing you a favor by hauling away an old junker too! Potential Tax Benefitsĭonating your car can be a great way for some people to save at tax time too! Check with your financial advisor to ensure eligibility, but deductions of hundreds or thousands of dollars could definitely leave a smile on your face come tax season! No Cost Vehicle Removal Giving your car to a local or national charitable organization can be a fantastic way to contribute without having to dig directly into your pocket. We all wish we had a ton of time and money to devote to the causes we care about, but this is often not the case. Be sure to consult your legal advisor, prior to any donation to ensure you're covered!Īmong the many reasons to donate a car to charity, here are some of the best: Contributing To A Larger Cause If they fail to transfer the title, you'll remain liable for any parking tickets, or other subsequent problems with the vehicle. If the charity asks you to leave the assignment of ownership space on the charity donation papers blank, refuse and consider finding another organization. Proper Transfer Of OwnershipĪnother thing to be careful about is the paperwork for the transfer of the vehicle. Once again, consult your registered tax professional prior to any action on your part. If they wind up selling the vehicle for less than market value (as is common), you'll only be eligible to deduct that amount. Just because the fair market price for your vehicle is $2000, doesn't necessarily mean you can deduct that much. Knowing what to expect if you are eligible for the deduction is another thing to keep in mind. You should also verify that the charity has a good overall grade, to make sure that most of your contribution will go towards the cause you've selected. Be sure to carefully research the organization prior to donating to ensure they fall into this category. Only donations to a registered 501(c)(3) are eligible for the tax benefits you're expecting. You can also consult with them about any benefits if you file State taxes. Check with your tax preparer to see if you'll be eligible or not. Recent changes to the federal tax code give a larger standard deduction, so fewer people are itemizing these days. To be eligible for tax deductions on your federal returns, you typically need to itemize your deductions. Here are some common things to keep in mind and consult with them about: Tax Itemization You should always consult your legal and financial professionals prior to donating a car to make ensure you're eligible for tax deductions, etc.
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