CAR DONATION TIPS IN LOS ANGELES

If you've decided to donate your car to charity, you are probably aware that it will really help families, individuals or others that need an extra boost. Whether they are low-income, homeless or need help with education or medical problems, you are helping someone have a better life. This is wonderful. Car donation in Los Angeles is very similar to most other states. There are a few important guidelines you will need to follow and remember.

Checking the Value of Your Vehicle - This is quite important when you're thinking of donating your car in Los Angeles. You want to be sure that you have the accurate value of your vehicle. There are many variables that affect the value including power seats and windows, hard covers and running boards on trucks, moon or sun roof, new tires, CD player and much more. Of course, the condition of your vehicle makes a huge difference as well. Take pictures of the outside and inside of your vehicle and estimate the value using the Kelly Blue Book or some other means.

Keeping the pictures is a great idea incase you will ever need to justify your value estimation. Deductions and Rules - These are also very important. Make sure that the charity you donate to is a non-profit organization and that you are able to claim the vehicle donation as a deduction. You can ask for the approval letter of certification of the charity which comes from the IRS. This way, you know that you can claim the deduction. Although it's not cash in your hand, it is a great way to reduce the amount of taxes that you will have to pay in. Another thing to remember is that the amount of deduction is based on the value of your vehicle. You are no longer to claim fair market value unless the value of the vehicle is under $500. However, if the amount is over $500, you can claim the resell price which you will receive after the vehicle has been auctioned off.

The charity has 30 days to inform you of the price they received at auction. There are many different benefits that come from donating your car to charity in Los Angeles. However, it's important to make sure that you've got all bases covered before you donate your vehicle. Use the tips above to help you do that. Donating your used car saves you money and provides assistance to others in need. Visit [http://www.cardonationhelp.org] today and learn how to successfully donate your car, help others and maximize your car donation deduction.