Donate a Car in Montgomery Call 334-408-2633 For Help Now
Donate a Car in Montgomery: It is getting easier and easier to donate a car in Montgomery. Car donation used to be a system that was reserved for only the richest people who could afford to give away a car. However, a change in tax laws means that now people are offered tax deductions for the donations of old and used cars to charities. The amount that an individual is able to deduct from his or her taxes is dependent upon a few factors.
First, cars that are donated are split into two types: those worth more than $500, and those worth less than $500. A car that is worth less than $500 is valued for a tax deduction by the individual who donates it. If the individual claims that the car is worth $450, then that is how much the deduction is worth.
For cars worth more than $500, the deduction is worth the amount that the charity receives after the sale of the car. The individual must provide a letter from the charity stating that they have sold the car and the amount for which the car was sold.
If you want to donate a car in Montgomery, you have many options for donation centers. Choosing a donation center that is close to your home is wise if you will have to drop off the car, but many donation centers and charities will pay to have the car towed or come and pick up the car for free. If you can find a donation center that will come and pick up the car for free, this is even better than finding one near you and dropping off the car.
If you donate a car in Montgomery, the local laws allow you to choose which charity your money will go towards. If you prefer to support local schools or government, your donation can also go towards them. Some car donation centers are linked more closely with one charity or another, so be certain that the donation center you choose will allow you to donate to any charity you wish.
Lastly, to donate a car in Montgomery, you should contact a reputable donation center. Some donation centers are less reputable than others and may make mistakes with paperwork. Always be sure that the donation center has all the paperwork necessary in order, or you may not get your tax deduction on time. Tax deductions can be problematic when paperwork is not in order, because the government does not like to run the risk of giving extra money to someone who has not earned it.