Tuesday, July 9, 2013

2013 Car Donation Tax Deduction - How To Get The Maximum Tax Benefit Out Of Your Vehicle Donation

Donating your car or vehicle to charity can be a great way to get a tax deduction, and Wheels For Wishes makes it easy. If you would like to help your local Make-A-Wish® and get the maximum tax deduction, then you're already almost done. It's as simple as filling out the little form to the right or calling 1-877-431-9474. We make the process easy, and you get the most good (and highest tax deduction) for your car. Not only that, but you are also helping a local child's wish come true.
Prior to January 2005, the IRS was allowing people who donated to a qualified car donation program to take a tax deduction based on their vehicle's market value no matter how much or how little the vehicle sold for. Determining the market value of a donated vehicle is often quite difficult and time-consuming, which made determination of the amount of the tax deduction confusing. Fortunately, as a result of the new tax law that went into effect in January 2005, the IRS has taken the guesswork out of determining the value of your donated car, truck, RV, boat or other vehicle.
·         We make it easy to get the maximum tax deduction for your vehicle donation! Simply filling out the quick form to the right (or call 1-877-431-9474) and we take care of the rest. Your vehicle is picked up, sold, and proceeds benefit your local Make-A-Wish®, but you also get a 100% deductible receipt.
·         If the donated vehicle is sold for less than $500, you can claim the fair market value of your vehicle up to $500 or the amount it is sold for if less than fair market value.
·         If the donated vehicle sells for more than $500, you can claim the exact amount for which the vehicle is sold.
·         In either case, you will receive a 100% tax deductible receipt at the time that your vehicle is sold, stating the amount of the sale.
For any vehicle sold for more than $500, the exact amount it is sold for will be stated on your notification mailed to you, which in turn will be your charitable tax deduction. For additional information, the IRS provides A Donor's Guide to Car Donations (Publication 4303 linked below), which details the determination of the value of your donated vehicle. As always, we help people donate their cars every day, and we would be happy to help you do the same. Feel free to call us at 1-877-431-9474 with any questions you might have and one of our representatives will help you.
 

How Car Donation Tax Deduction Works

The IRS Allows The Taxpayer To Claim A Charitable Tax Deduction As Follows:

donate your car-Donate your car and help us prevent youth homelessness

donate your car -how to donate your car - donating your car-
Donate your car and help us prevent youth homelessness
The Donate Your Car program is a free and fast alternative to selling or trading. It is an easy way to make a significant contribution to the lives of young Australians who are homeless or at risk of becoming homeless.
The process is simple!


Four quick steps to donating
1. Complete your donation form. If you have any questions or would like a hardcopy form sent out just give us a call on 1800 801 633.
2. Cancel your registration, remove the number plates and hand them in to your local transport authority.
3. We will call you to arrange collection of your car, and your car gets collected through our Platinum Partner, Manheim, on the date specified by you.
4. Your car goes to auction at Manheim and 100% of the proceeds from the sale of your vehicle go towards preventing youth homelessness. Thank you!

Do you want to know more about the collection, the auction or the tax deductibility? Visit our FAQs page!

Things you should know
·         We accept cars, boats with trailers, caravans, motorbikes, box trailers, trucks etc.
·         We accept all types of vehicles, running, not running, classics, lightly used and even the end of life vehicles. 
·         We only need three business days to organise the towing truck after we get your online form.
·         We receive 100% of the proceeds from the sale of your car - all towing and auction services are kindly donated by Manheim.
·         All vehicles are eligible for a tax deduction based on the amount the car is sold for at auction. All vehicles valued by the ATO at more than $5000 are eligible for a tax deduction based on the current market value. Please click here for more info about claiming your donation on tax this financial year.

Before you fill in the donation form, please make sure that…
·         the vehicle is located within 75km of Melbourne, Newcastle, Sydney, Brisbane, Townsville, Perth or Adelaide.
·         if your vehicle is located in Canberra or the ACT, you call us to see if we can still collect your vehicle.
·         the vehicle is easily accessible for a towing truck (the towing truck driver will be by himself and cannot jump start jump or push the vehicle).
·         you know what the registration number or Vehicle Identification Number (VIN) are, and what the year, make and model are.

Got a couple more questions? Visit our FAQs page!

Update on the program 
This month

Number of cars donated
119
Money raised at auctions
$82,789
Since 1 January

Number of cars donated
519
Money raised at auctions
$224,746
Grand total (since 2006)

Number of cars donated
1704
Money raised at auctions
$805,717

How your donation helps  
Kids Under Cover StudioKids Under Cover is a registered Not For Profit organisation that works to prevent youth homelessness.Kids Under Cover is the only organisation in Australia offering a unique combination of building homes and providing scholarships and mentors for homeless and at-risk young people. 
Since we started in 1989, Kids Under Cover has supported more than 2,800 young people at risk of homelessness with a secure home through our Studio Program. For the young person the Studio provides an opportunity to develop independent living skills and to stay connected with their family. More importantly, it prevents young people from becoming homeless. 
Our Scholarship Program helps young people to stay engaged with education. By covering education expenses, young people are empowered to continue their study or job training. This can lead to more positive employment opportunities, ensuring the young person has a productive, functioning place in their community.
Our Mentoring Program offers positive role models who connect with young people and offer guidance, support and encouragement. As confidence, self-esteem and social skills improve, young people are in a better position to make life-changing decisions.
With our programs young people are empowered to build a brighter future for themselves. 

If you have any questions, please call us on 1800 801 633.

DYC_ContactUs
DYC_donatenow
DYC_AboutUs






The Donate Your Car is proudly supported by:

Platinum Partner


Manheim





Gold Partner

Gold Partner (WA)
dxtr-p540

AUTOTRADER_LOGO_23-5-11_web



Silver Partner (Vic)

Silver Partner (Vic)
sen 1116

RA_logo_web
Bronze Partner (Vic)


Corporate_horizontal_black_small_web







donate your car-Donate your car and help us prevent youth homelessness

donate your car -how to donate your car - donating your car-
Donate your car and help us prevent youth homelessness
The Donate Your Car program is a free and fast alternative to selling or trading. It is an easy way to make a significant contribution to the lives of young Australians who are homeless or at risk of becoming homeless.
The process is simple!


Four quick steps to donating
1. Complete your donation form. If you have any questions or would like a hardcopy form sent out just give us a call on 1800 801 633.
2. Cancel your registration, remove the number plates and hand them in to your local transport authority.
3. We will call you to arrange collection of your car, and your car gets collected through our Platinum Partner, Manheim, on the date specified by you.
4. Your car goes to auction at Manheim and 100% of the proceeds from the sale of your vehicle go towards preventing youth homelessness. Thank you!

Do you want to know more about the collection, the auction or the tax deductibility? Visit our FAQs page!

Things you should know
·         We accept cars, boats with trailers, caravans, motorbikes, box trailers, trucks etc.
·         We accept all types of vehicles, running, not running, classics, lightly used and even the end of life vehicles. 
·         We only need three business days to organise the towing truck after we get your online form.
·         We receive 100% of the proceeds from the sale of your car - all towing and auction services are kindly donated by Manheim.
·         All vehicles are eligible for a tax deduction based on the amount the car is sold for at auction. All vehicles valued by the ATO at more than $5000 are eligible for a tax deduction based on the current market value. Please click here for more info about claiming your donation on tax this financial year.

Before you fill in the donation form, please make sure that…
·         the vehicle is located within 75km of Melbourne, Newcastle, Sydney, Brisbane, Townsville, Perth or Adelaide.
·         if your vehicle is located in Canberra or the ACT, you call us to see if we can still collect your vehicle.
·         the vehicle is easily accessible for a towing truck (the towing truck driver will be by himself and cannot jump start jump or push the vehicle).
·         you know what the registration number or Vehicle Identification Number (VIN) are, and what the year, make and model are.

Got a couple more questions? Visit our FAQs page!

Update on the program 
This month

Number of cars donated
119
Money raised at auctions
$82,789
Since 1 January

Number of cars donated
519
Money raised at auctions
$224,746
Grand total (since 2006)

Number of cars donated
1704
Money raised at auctions
$805,717

How your donation helps  
Kids Under Cover StudioKids Under Cover is a registered Not For Profit organisation that works to prevent youth homelessness.Kids Under Cover is the only organisation in Australia offering a unique combination of building homes and providing scholarships and mentors for homeless and at-risk young people. 
Since we started in 1989, Kids Under Cover has supported more than 2,800 young people at risk of homelessness with a secure home through our Studio Program. For the young person the Studio provides an opportunity to develop independent living skills and to stay connected with their family. More importantly, it prevents young people from becoming homeless. 
Our Scholarship Program helps young people to stay engaged with education. By covering education expenses, young people are empowered to continue their study or job training. This can lead to more positive employment opportunities, ensuring the young person has a productive, functioning place in their community.
Our Mentoring Program offers positive role models who connect with young people and offer guidance, support and encouragement. As confidence, self-esteem and social skills improve, young people are in a better position to make life-changing decisions.
With our programs young people are empowered to build a brighter future for themselves. 

If you have any questions, please call us on 1800 801 633.

DYC_ContactUs
DYC_donatenow
DYC_AboutUs






The Donate Your Car is proudly supported by:

Platinum Partner


Manheim





Gold Partner

Gold Partner (WA)
dxtr-p540

AUTOTRADER_LOGO_23-5-11_web



Silver Partner (Vic)

Silver Partner (Vic)
sen 1116

RA_logo_web
Bronze Partner (Vic)


Corporate_horizontal_black_small_web







donate your car-Donate your car and help us prevent youth homelessness

donate your car -how to donate your car - donating your car-
Donate your car and help us prevent youth homelessness
The Donate Your Car program is a free and fast alternative to selling or trading. It is an easy way to make a significant contribution to the lives of young Australians who are homeless or at risk of becoming homeless.
The process is simple!


Four quick steps to donating
1. Complete your donation form. If you have any questions or would like a hardcopy form sent out just give us a call on 1800 801 633.
2. Cancel your registration, remove the number plates and hand them in to your local transport authority.
3. We will call you to arrange collection of your car, and your car gets collected through our Platinum Partner, Manheim, on the date specified by you.
4. Your car goes to auction at Manheim and 100% of the proceeds from the sale of your vehicle go towards preventing youth homelessness. Thank you!

Do you want to know more about the collection, the auction or the tax deductibility? Visit our FAQs page!

Things you should know
·         We accept cars, boats with trailers, caravans, motorbikes, box trailers, trucks etc.
·         We accept all types of vehicles, running, not running, classics, lightly used and even the end of life vehicles. 
·         We only need three business days to organise the towing truck after we get your online form.
·         We receive 100% of the proceeds from the sale of your car - all towing and auction services are kindly donated by Manheim.
·         All vehicles are eligible for a tax deduction based on the amount the car is sold for at auction. All vehicles valued by the ATO at more than $5000 are eligible for a tax deduction based on the current market value. Please click here for more info about claiming your donation on tax this financial year.

Before you fill in the donation form, please make sure that…
·         the vehicle is located within 75km of Melbourne, Newcastle, Sydney, Brisbane, Townsville, Perth or Adelaide.
·         if your vehicle is located in Canberra or the ACT, you call us to see if we can still collect your vehicle.
·         the vehicle is easily accessible for a towing truck (the towing truck driver will be by himself and cannot jump start jump or push the vehicle).
·         you know what the registration number or Vehicle Identification Number (VIN) are, and what the year, make and model are.

Got a couple more questions? Visit our FAQs page!

Update on the program 
This month

Number of cars donated
119
Money raised at auctions
$82,789
Since 1 January

Number of cars donated
519
Money raised at auctions
$224,746
Grand total (since 2006)

Number of cars donated
1704
Money raised at auctions
$805,717

How your donation helps  
Kids Under Cover StudioKids Under Cover is a registered Not For Profit organisation that works to prevent youth homelessness.Kids Under Cover is the only organisation in Australia offering a unique combination of building homes and providing scholarships and mentors for homeless and at-risk young people. 
Since we started in 1989, Kids Under Cover has supported more than 2,800 young people at risk of homelessness with a secure home through our Studio Program. For the young person the Studio provides an opportunity to develop independent living skills and to stay connected with their family. More importantly, it prevents young people from becoming homeless. 
Our Scholarship Program helps young people to stay engaged with education. By covering education expenses, young people are empowered to continue their study or job training. This can lead to more positive employment opportunities, ensuring the young person has a productive, functioning place in their community.
Our Mentoring Program offers positive role models who connect with young people and offer guidance, support and encouragement. As confidence, self-esteem and social skills improve, young people are in a better position to make life-changing decisions.
With our programs young people are empowered to build a brighter future for themselves. 

If you have any questions, please call us on 1800 801 633.

DYC_ContactUs
DYC_donatenow
DYC_AboutUs






The Donate Your Car is proudly supported by:

Platinum Partner


Manheim





Gold Partner

Gold Partner (WA)
dxtr-p540

AUTOTRADER_LOGO_23-5-11_web



Silver Partner (Vic)

Silver Partner (Vic)
sen 1116

RA_logo_web
Bronze Partner (Vic)


Corporate_horizontal_black_small_web