There are a number of tax laws out there that apply to the charitable donation of large items. The government has taken a particularly keen interest in doing their best to regulate the vehicle donation market, and in doing so, they have created a set of standards by which all philanthropists must abide. What this means for the commoner out there, looking to gain a tax advantage by donating a vehicle to charity, is that you have to know your stuff if you want to take advantage.

If you asked most people about car donation, they would tell you that the majority of donation laws aren’t particularly favorable to the people doing the actual donating. With that said, there are some rules that make it easier and more convenient for you to donate a car to charity. After all, the government has a vested interest in helping organizations like Goodwill Industries benefit as much as possible. So what are a couple of the laws that will make your life easier when you try to donate a car?

For starters, you aren’t required to have the car into the charity when the end of the year rolls around. The deadline for making a donation if you want to claim it on your year end taxes is December 31st. The laws make it so that you only have to make a pledge to donate auto parts or donate a car by that point. This isn’t to say that you can just walk up and tell an organization that you are donating a car. Like with most things government related, charitable vehicle donation is dominated by paperwork. You will have to fill out the appropriate applications and forms before the start of the new year in order to make a claim for that year.

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