Sunday, May 15, 2005

More Bang for Your Buck - Car Donations

If you live in Washington D.C., Maryland or Virgina, and you are considering donating your car, then you might want to check out Vehicles for Change http://www.vehiclesforchange.org/

The law was recently changed regarding the value you can deduct for your vehicle. This is one of the few organizations where you may still qualify to deduct the full market value of the donated vehicle. Vehicles for Change meets all the State and Federal requirements to assure your donation is tax deducible per IRS guidelines. Basically the donated car is not auctioned off but instead sold for a minimal amount to a needy family.

This is a win/win situation for both the giver and recipient - you get more credit for your vehicle, and someone needy benefits.