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Can you donate a car without a title?
Asked by unknown
1 Answers
It is still possible to donate a car even if the title has been lost or misplaced. Other paperwork can be used in place to show the owner of the vehicle. Many companies will not take a donation vehicle without a title but some do take a no title car as a junk car donation.
How much do you get for donating a car?
Asked by unknown
1 Answers
If the charity sells your car sells for $500 or less, you can deduct $500 or your car's fair market value, whichever is less. For example, if your car is valued at $650 but sells for $350, you can deduct $500. Most charities will report the sales price of your car to you on Form 1098-C.
Where can you donate your car?
Asked by unknown
1 Answers
Kars4Kids is a classified 501(c)(3) nonprofit organization. You can check with your tax advisor or accountant to determine the amount of your benefit. The deduction is of value only if the donor itemizes his or her deductions. For a more detailed overview the IRS publishes a Donors Guide to Car Donation.