What makes California so special? Why do we live here and not in some other state? It’s hard to say, really, but there are certain things that make living in California especially awesome, like the great weather, abundant sunshine, and natural beauty of the state’s coastlines. Whatever it is about this place we call home, it’s no wonder Californians want to give back to the community by donating a car to charity in California whenever they can! Check out these three reasons why donating a car to charity in California is awesome!
You can write off your taxes
this of July 1, 2010, you are able to deduct up to $500 in mileage expenses. You can't write off the actual cost of donating your car because it is considered a contribution and the tax laws allow that only if the donor itemizes. The upside though, is that you can deduct miles driven when donating a car to charity in California. If your total deductible mileage was 11,200 miles and your mileage deduction rate is 45 cents per mile (6 cents for every 10) then you can deduct $4,725 (11,200x.45). This means that if you donated your car on 12/31/2010 then you could potentially get an early tax return from April 15th- September 15th by donating a car to charity in California. If you donate your car to a charitable organization instead of selling it at auction, the IRS will let you deduct any leftover value after all costs have been subtracted. Suppose that your donated vehicle has an FMV before donating a car to a charity in California.
The average amount left over after subtracting these costs is $908 per donated car ($171 less than the sales price). What does this mean? It means that if you sell your donated car at auction instead of donating a car to charity in California, then you'll only be allowed to take what's left as a deduction - which means that even more money goes towards taxes! It's not just worth it on paper either!
The charities are reputable
Donate a car to charity in California. They will pick up your car, tow it away, and sell it. The proceeds from the sale of your donated vehicle are used to help people in need throughout the state. Donate a car to charity in California. The charities are reputable: they’ll pick up your donated vehicle and donate it so you can get a tax deduction on this year’s taxes.
Donate a car to charity in California. I know someone who donated their old beater, one that wasn’t worth anything at all anymore, but when they found out how much the vehicle was worth after donating it? I mean, he got over $1K for something he didn't want anymore!
Donate a car to charity in California. Since you get your tax deduction at the time of donation and there are usually no issues with actually selling your vehicle later on if you end up wanting extra cash after donating (instead of getting it right away), donating is definitely an awesome way to both get rid of something you no longer need and give back at the same time! Donate a car to charity in California. I would say donating a car to charity in California is pretty awesome- you don't have to do anything other than calling them, and by the end of the day or week, they're gone!
It supports your local community
Charities are an important part of any community. They help the homeless, people who have fallen on hard times, children in need and so much more. These types of organizations usually get their funding from donations, and your donations can go even farther when you donate a car to a charity in California. Here are three reasons why donating a car to charity in Canada might be awesome:
1. You're Giving Locally - When you donate your vehicle to a local charity near you, it will allow them to buy things they need where they are needed most. This means that the donated vehicle can go directly towards helping someone who needs it most in the area. On top of that, charities around the world will benefit from this donation as well because they can buy vehicles in bulk at a reduced price.
2. It Helps The Environment - One way to make our world cleaner is by reducing waste. You'll not only be helping others, but also the environment by donating a car to charity in California. Every year many cars end up sitting abandoned on properties across America and one of the easiest ways to reduce this issue is by donating these unused cars to charities that are running short on vehicles.
3. You Might Get A Tax Deduction - There are two main forms of tax deduction for donating a car to a charity in California. If you donate your used or new car (up to $500) to a qualified organization then you may be eligible for the Section 170 Charitable Deduction. On top of this, some states provide additional benefits like tax credits or deductions for donating a vehicle valued at over $500 dollars if it has been owned for less than 7 years.
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