Donating a car to charity is a great option instead of getting rid of it. It is the most recommended option instead of selling it by yourself. However, you need to keep in mind that there are certain considerations to follow. Given that there are many charities you can donate your vehicle to, it is easy for one to get overwhelmed on which one to select. Below are guidelines that will help you pick the right Wisconsin car donations.
It is vital for you to be aware of the IRS guidelines that govern charitable donations or . Have a look at the IRS website to know what limitations they offer on contribution deductions. You will be able to determine your vehicles value. You can talk to a professional financial advisor to get guidance on complex tax issues. Consider identifying a legit charity. They should have a good track record. Ensure that they have their information provided on national charity database as a sign of transparency.
Don’t make that assumption that all car donations charities are equal. For you to determine if they use donations well, check their records of spending. It will be easy for you to make the right choice by looking at sites that show the reputation of different charities. Consider getting recommendations from people who have donate car for money in the past. It will be easy for you to make a decision based on the experiences they share with you. Pick a charity which has been in existence for long. You will be comfortable given that they have handles such dealings in the past. Check client testimonials and reviews for you to know more about their reputation.
Additionally, identify a charity that takes donations directly without involvement of any third party.
For you to ensure that they get the full amount from the proceeds, you can take the vehicle there by yourself. Request for references and make calls to some of them. It will be easy for you to know if the process is the use is transparent. References will shed insight on what is not provided on the website.
Also, it is best for you to transfer the title after donating the car accurately. Failure to do so means that she will be responsible in case of any accidents or crime that the next owner may do. A reputable charity will offer paperwork for you to fill in the details. Ensure you scan copies of the paperwork and keep them safe tax audit purposes.