Donate a Car to help disabled veterans!
If you are looking to to get rid of your old vehicle, and do it for a good cause, what better than helping those that served our country! You can help the veterans who served our nation, while qualifying for a tax deduction as well. The process is pretty straightforward and hassle-free, especially since the vehicle is picked up and towed away totally free of charge.
How does the process work?
- You can call on their toll free number 1 (888) 239-4374 NOW, or click HERE and submit via form.
- Schedule a time that works for you. donor support representatives will get in touch with you and arrange for a licensed tow company to pick up the vehicle. It is done within 72 hours of completing the donation (anywhere in US). Pickups might be delayed due to the ongoing Coronavirus pandemic, as the safety of drivers, donors, and other associates is top priority.
- The driver provides an initial donation receipt, using which you can claim a tax deduction of the fair market value of your vehicle up to $500. if the vehicle is sold for more than $500, a 1098-C IRS form is provided so you can claim the full sale price.
What kind of vehicles can be donated?
You are not limited to just donate a car! They accept cars, trucks, RVs, motorcycles, trailers, boats, airplanes, campers, off-road vehicles, heavy equipment, farm machinery and most other motorized vehicles.
It does’?t matter if they are drivable or not.
But the vehicle can’t be falling apart.. it needs to be in one piece, with the engine intact, and in towable condition.
Smog certificate isn’t necessary. If your vehicle is not in working condition or is junk other options exist to sell the car for cash quickly – which you are then able to donate that cash to Disabled American Veterans.
What are the criteria for donating vehicles?
Most states require you to possess the clear title to the vehicle to donate a car. If you don’t have it, or there are other issues with the title, you can call Vehicles for Veterans to get the matter sorted.
Any lien holder listed on the title has to be cleared and/or released by the bank. You can refer to the Motor Vehicle Division in your state for details.
Why should you donate a car to Vehicles for Veterans?
Donating a car you get quick and easy cash in hand, while contributing towards resources that ensure the nation’s heroes have an opportunity to enjoy freedom and lead a dignified life after making immense sacrifices. Your car donation qualifies for a tax deduction, and you get rid of an old car that was sitting in your garage occupying usable space and gathering dust! As a donor you don?t have to anything as all expenses are deducted from the gross sales price.
How is the value of tax deduction determined?
Most vehicles are sold off via local auction, and Vehicles for Veterans ensures you get the highest return per vehicle. They are associated with a large network of nationwide and independent suppliers, and they thoroughly analyze vendor pricing and performance on a regular basis to improve the process, while guaranteeing the best possible return.
As per IRS Guidelines, you can claim fair market value (price paid by a willing buyer and accepted by a willing seller). If it sells for more than $500, the maximum amount of deduction is the sales price of vehicle.
How long does it take from the pickup to when Vehicles for Veterans to?gets its funds?
There are multiple sales outlets associated with the Disabled American Veterans, so they work hard to find the most lucrative buyer for each vehicle.
The sale process can take about 4 to 12 weeks. The cash proceeds from your vehicle donation are directed to Vehicles for Veterans within 5 business days upon the receipt of the sale proceeds from direct buyer providers or auctions.
What are the filing requirements?
To donate a car to Vehicles for Veterans?s Vehicle Donation Program you have to file Form 1098-C with the IRS for all vehicle donations, including your Social Security number and the vehicle’s Vehicle Identification Number (VIN).
No tax advice is provided by this program, and it is only your responsibility to report vehicle value and tax status.
What documentation do you get when you donate a car?
An initial donation receipt is given by the tow driver when the vehicle is picked up it indicates your name, along with the year, make, model and condition of the vehicle you are donating.
Within 30 days of sale of the vehicle, you get a tax receipt via mail (it is the sole receipt if your vehicle is sold for less than $500).
If the vehicle is sold for a higher price, and tax identification number has been provided, an IRS Form 1098-C is send within 30 days of sale, stating the amount of gross proceeds received from your donation to Disabled American Veterans.
Still need to talk with someone about donating your car? CLICK TO CALL 1-888-203-0705 to speak with a Vehicles for Veterans customer service representative for any additional question regarding the donation.