How can you maximize the tax deduction you receive for a car donation? This is an interesting question and one that will require some thought and careful planning on your part.
When you donate a car to an organization, you need to understand what that car is going to mean to them. If it’s only going to be scrapped and the foundation will only receive the value of this scrap, you’re going to receive the lowest possible value for your donation.
Increase the Value of Your Tax Deduction with the Right Donation
When you’re looking for a great way to get the most out of your old vehicle, you need to donate it to an organization that will make use of the vehicle. Whether they use it as a vehicle that will deliver meals to shut-ins, give rides to those who need them, or be sold at an auction, the value of your tax deduction will increase when your vehicle is used for more than scrap.
Let your Car Donation Make a Difference
Can your car donation make a difference to several people at one time? It certainly can and the prime example of this is cars donated to the Newgate School. The Newgate School is a place where low-income adults learn to work on cars and become certified automotive technicians. These students work on the cars that are donated and make them useable for others who want and need a car.
Your Benefits
When you give your car to the Newgate School, you receive some incredible benefits. You receive a tax deduction certificate for your car donation. How your car is used will determine the value of your tax deduction and make it easy for you to have the reduction in tax liability you’re looking for.
Can Your Old Car Bring Hope
Have you ever been in a situation where you didn’t know what your life was going to bring? While most of us don’t know the future, we typically have a career path and an idea of where we should be going for the future. If you were either a low-income adult with no marketable skills or a single mother without a vehicle, you would certainly appreciate someone offering you the hope you’re looking for.
Hope Delivered with a Tax Deduction for a Car Donation
The first way you can help to deliver hope to the students of the Newgate School is by donating your old car to them. You receive a tax deduction for your car donation and these students will be certified to work on vehicles. This gives these students hope and direction in their lives as they work to build a great career in the automotive industry.
Hope Rings True for Single Mothers
Cars that are donated to the Newgate School that either run well or are easily fixed to be reliable vehicles are often donated to the Wheels for Women program. This program gives single mothers a car they can depend on so they can go where they need to. These mothers have their hope of a vehicle fulfilled so they can get kids to doctor appointments and get themselves to work every day.
Hope Makes Newgate Affordable
How much does it cost a student to attend the Newgate School? It doesn’t cost students anything. The Newgate School is self-sustaining and has been for many years. Your old car could be used in a public auction in which all proceeds are used to fund this school. You might see your old car driving around with a new owner in it and you’ll know you made a difference.
Isn’t the Title Work for a Tax Deduction for a Car Donation Difficult?
For many organizations, it can be difficult to receive a car as a donation. Thankfully, when you donate your old vehicle to the Newgate School, the process is very simple. All you need is the title and your car and the staff at the Newgate School will handle the work of processing your old car and the tax deduction certificate you need.
Maximize Your Tax Deduction for Your Car Donation and Make a Difference
No matter what organization you choose, when you make a donation, you’re making a difference. However, if you want to maximize your tax deduction for car donation and make the most impact on others, you’ll want to donate your car to the Newgate School. Bring your old car to this school and let them show you how easy this process can be.