donate car to charity north carolina tow

What if my car is valued at more than $5,000?Įffective January 1, 2005, you are no longer required to have vehicles appraised. The value is determined by the gross proceeds raised from the sale of the donated vehicle. How is the value determined on the vehicle donated? This will be your tax receipt for your charitable contribution.

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.

If the vehicle does not exceed $500, the thank you letter that you receive can be used as a tax receipt.Īccording 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 from the sale. Yes, you will receive IRS Form 1098-C in the event that the sale of the vehicle exceeds $500. Will I get a tax receipt for my donation? If the proceeds from the sale exceed $500, you will receive IRS Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, stating the amount of the gross proceeds from the sale of the donated vehicle. How does the tax law that went into effect in 2005 affect my tax deduction? In the rare event that you receive any notification of a lien sale, DMV action or other activity related to your donated vehicle, please contact us immediately at 85 for assistance. Please note: A clear title indicates the title is in the name of the donor without a lien.ĭo I need a smog certificate in order to donate my car?įor states that require smog certificates or safety inspections, you may donate your vehicle without these documents. Have your title with you when you call in your donation. The only paperwork needed is a signed, clear title. What paperwork do I need to make a car donation? Special arrangements can be made by calling our representatives. Call our representatives at 85.ĭo I have to be with the vehicle at the time of pickup? A tow company will contact you within 2 to 3 business days. In some cases, if we receive your call early in the day, we can schedule a same-day pickup. How long will it take to donate a vehicle? If you are uncertain whether your vehicle is eligible, please contact the vehicle donation program at 85. Many types of motor vehicles are accepted including boats, motorcycles, trucks, cars, motor homes and airplanes. Contact a representative at 85 to find out if your vehicle qualifies for pickup. However, it must have an engine and be towable. In some cases we can take your car, running or not. No need to pay for advertising, no loss of privacy and possible security risk, and no need to pay for vehicle registration, insurance and repairs to keep your car in running condition while you wait for a buyer.ĭoes my car have to be running to donate it? Plus, you avoid the costs associated with selling your car. You benefit by being able to reduce your taxable income when taxes are itemized. What are the benefits of making a car donation to support Catholic Relief Services?Ĭatholic Relief Services benefits by receiving cash donations to fund new and existing programs. Since your browser does not support iframes, click on the following link to donate your car or other vehicle: Donate Car Frequently Asked Questions (FAQs) Thank you for supporting Catholic Relief Services!Ī browser that supports iframes is required to view the donation form. You will receive a tax benefit from the total sale and CRS will receive 80% of the sale price. The vehicle can be running or not! It's easy to do: Just fill out the form below and a representative will contact you to schedule a pickup. Help support the programs of Catholic Relief Services by donating your used car, truck, boat or motorcycle.

Donate car to charity north carolina tow