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Donating your used car to charity is a win-win situation; the charity gets your gift and you get tax deduction. Below are some simple stairway to do a car donation.

1. Understand the rules. A good topographic point to read the authorities regulation on car contribution is Internal Revenue Service Publication 4303, A Donor's Usher to Car Donations (available on the IRS's website at www.irs.gov). This usher sketches some of import regulations regarding car donation. For example, one of import regulation states that car contribution must be made to qualified organisations in order to be tax deductible.

2. Determine the value of your used car. Although the bluish book might assist you determine the value of your car, you should read Internal Revenue Service Publication 561, Determining the Value of Donated Property (available on the IRS's website), to see what your car really worth.

3. Find a charity to donate your vehicle. If you are associated with any charity or non-profit organizations, that organisation might be your pick for donating your car. Otherwise, check the Yellow Book or search on the Internet to happen an organisation to which you experience like donating your car. After you have got identified a candidate, you should reexamine Internal Revenue Service Publication 78, which is a listing of organisations eligible to have tax-deductible charitable contributions. This written document is also available on the IRS's website and it's searchable. Brand certain the campaigner charity is eligible. Otherwise, you might not get your tax deduction!

4. Brand your donation. After you have got made the donation, do certain to inquire for a written acknowledgement from the charity. You will need to attach this acknowledgement to your tax tax return in order to get your tax deduction.