Apr 9 2019

Vehicle Donation FAQs – Catholic Charities USA

#vehicle #donations #to #charity

Vehicle Donation FAQs - Catholic Charities USA, NEF6.COM

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Vehicle Donation FAQs

What are the benefits of donating my car to Catholic Charities USA (CCUSA)?
CCUSA benefits by receiving donations to fund our ongoing work to support and promote our member agencies and their efforts to help those living in poverty achieve self-sufficiency.

Through CCUSA’s partnership with CARS (Charitable Adult Rides & Services). you benefit by a reduction in your taxable income when taxes are itemized. In addition, you avoid the costs associated with selling your car, such as paying for advertising, vehicle registration, insurance, and repairs to keep your car in running condition while you wait for a buyer.

Do you only accept cars for donation?
Many types of motor vehicles are accepted including boats, motorcycles, trucks, cars, motor-homes, and airplanes. If you are uncertain as to whether or not your vehicle is eligible, please contact the vehicle donation program toll free at (877) 952-2872.

Does my car have to be running to donate it?
No. In some cases we can take your car, running or not. The car must have an engine and be tow-able. Contact a CARS representative at (877) 952-2872 to find out if your vehicle qualifies for pick-up.

How long will it take to pick up my vehicle?
All vehicle donations are processed as quickly as possible, and we make donating your car as simple and convenient as possible. In some cases, if we receive your call early in the day, a same-day pick may be available. Call the CARS representatives at (877) 952-2872.

Do I have to be with the vehicle at the time of pick-up?
No. Special arrangements can be made by calling CARS representatives.

What paperwork do I need?
The only paperwork needed is a signed, clear title. Please have your title with you when you call in your donation. A clear title indicates the title is in the name of the donor without a lien.

Will I get a tax receipt for my donation?
Yes, you will receive an IRS Form 1098-C in the event that the sale of the vehicle exceeds $500. If the vehicle does not exceed $500, the thank you letter that you will receive can be used as a tax receipt.

How does the tax deduction work?
You can deduct the value of the vehicle only if you itemize deductions. A receipt indicating the vehicle sales price will be sent to you within a few days after the pickup of your vehicle. Please consult a tax professional for further information.

What can I claim as a deduction?
According to the tax law effective January 1, 2005, if the claimed value of the donated vehicle exceeds $500, the taxpayer is limited to the gross proceeds of the sale. An IRS Form 1098-C, “Contributions of Motor Vehicles, Boats, and Airplanes” will be mailed to you within 30 days of the sale stating the amount of gross proceeds received from your car, provided your vehicle sold for more than $500 and you have submitted your social security number. This will be your tax receipt for your charitable contribution. Please consult a tax professional for further information.

How is the value determined on the vehicle donated?
The value is determined by the gross proceeds raised from the sale of the donated vehicle.

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