Taking Your Hands off the Wheel: Important Elements in Car Donation Processes

People always look for ways to go around their taxes and reduce expenses. One way to achieve this is through charitable contributions, which allow you to make a legal claim for a deduction on your taxes. More than saving money, knowing that you’ve helped others gives you a good feeling.

Donating items isn’t as easy as handing it out, though, particularly items as valuable as cars. Participating in charity works is safe, although you need to make sure that you’re doing things right. First and foremost, determine if the organization is a 501(c)(3) charity.

These charities don’t distribute the cars they receive as is. They would most likely sell or auction the car and use the proceeds to fund their programs. Likewise, they can make the cars assets of the organization. They’ll use them for the transportation needs of the people and the charity when doing their programs.

Acknowledgement Letter

If you claim that your car’s value is over $500, charities should provide you with a contemporaneous written response. It should state your name and TIN, the car’s ID number, donation date, and statement that the charity didn’t provide goods or services for it and it’s consisted of intangible religious benefits.

Sale of Car

After the charity sold or auctioned your car for more than $500, they must provide you with a written acknowledgment within 30 days of the sale. The letter should state that your car was sold in an arm’s length transaction between unrelated parties, date of sale, gross sale proceeds, and your deduction can’t exceed the gross proceeds from the sale.

IRS Form 8283

As per the law, you should file IRS Form 8283 if the deduction for the year exceeds $500 for all non-cash gifts, particularly your car. You are to complete Section B of Form 8283, though, as the tax deduction is over $500. The charity, on the other hand, should complete a portion of the form and sign it.

Taking an old car to wrecking companies for disposal is not always the solution. There is a way to donate your vehicle to charity with as little trouble as possible. Here at Cars for MADD, we accept all types of vehicles in nearly all conditions as donation. Whether it’s a car, van, truck, RV, motorcycle, boat, or farm equipment, we are the organization you can turn to. Contact us today and let us be at your service.

MADD Partners with American Grandparent’s Association

This article announcing the partnership between MADD and the AGA was originally posted at madd.org. Don’t forget you can donate a vehicle to support the cause.

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After a drunk or drugged driving crash, grandparents are often left behind to pick up the pieces. And sometimes they even find themselves raising their grandchildren when a parent is killed, like Nina and Gary Walker, whose daughter Ginger was killed by a drunk driver at the age of 22 leaving behind her three-year-old son Shaye. The Walkers found themselves grieving the death of their daughter and helping their grandson cope at the same time.

The American Grandparents Association, the benefits organization of Grandparents.com, is joining forces with MADD to help eradicate these senseless deaths for their next generation of loved ones. Five dollars of the $15 annual American Grandparents Association membership dues paid by new and renewing MADD donors and supporters who join will go to help MADD save lives and serve victims of drunk and drugged driving.

The American Grandparents Association connects and nurtures America’s 70 million grandparents and their families, by giving them access to special benefits and information on topics that matter most—health, family, money and more.

Click here to learn more about this partnership.

MADD is privileged to work with both the American Grandparents Association and Grandparents.com, and we appreciate their support in helping us save lives and prevent injuries across the country.

What’s the Deal with Drugged Driving?

Have you ever seen that warning on a bottle of aspirin or other meds? “Do not operate heavy machinery while using this product” and so forth. Well, this year MADD is out to bring awareness to the growing threat of drugged driving on our roadways, much in the same way we have with drunk driving since our founding in 1980.

Why?

While the substances are different, the results are the same – needless deaths and injuries.
Drugged Driving by the numbers

Thousands of people a year are harmed or killed in crashes where one or more of the drivers is under the influence of drugs. While it’s harder to judge by a standard metric as it is with alcohol – BAC is BAC, no matter what you’re drinking, but there are hundreds of thousands of drugs that can inhibit your ability to drive.

If you look at the facts and statistics on drunk driving, you’ll see that 57% of fatally injured drivers tested positive for drugs or alcohol, and 17% were using both. In fact, drugs like marijuana and cocaine are involved in nearly 1/5 of traffic fatalities.

Statistics like these are terrifying, particularly when you consider that there are fewer laws regulating the use of drugs while driving, and that a large number of young people mistakenly believe that drugs make them drive better.

It’s time to change.

Help us in the fight against drugged driving. Go to CarsforMADD.org and donate a vehicle to charity. You can help to keep our roads safe.

It’s Tax Season

Have you received your tax form from your employer yet? Which category do you fall under? Are you waiting for the last possible minute to do the taxes even though you are delaying the inevitable of giving back to the government? Did you cry when you received your W-2? Did you say, “Not again! Why do they make us relive this over and over?” Or are you part of the group that camps out by your mailbox waiting for that tax form to arrive so you can submit your taxes right away. After all, the sooner you file, the sooner you can get that brand new tablet.

We all have to file taxes. This article is to shed some light on making taxes go better, whether you owe money or are getting some back. Who couldn’t use some good news? So what is that good news? The good news is that there is a really easy tax deduction available to you.

Do you have an old car that has been lying around? The car doesn’t need to take up space. You can donate a car to Mothers Against Drunk Driving, aka MADD. Once you donate your car, you can get a receipt for the transaction and report it on your taxes. This can contribute to getting more money back or freeing up a little more money in your pocketbook.

Either way you look at it; there is money towards that new tablet…as well as extra space in the garage.