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Donate Car New York

Posted in Cities, Donate Car, New York by admin

Donating a Car in New York: Things to Know

New York is filled with hundreds of charities that are waiting for your car donation. Many local New York charities often can pick your car up the next day at no charge. This can save you a lot of hassles and help a charity in need. Let’s not forget that when it comes tax time, you’ll be able to have a nice deduction.

Before you get excited and donate a car in New York, there are a few quick things that you should know:

    • Make sure that the charity is a registered 501(c)(3) organization. If the charity isn’t registered, the IRS won’t allow you to write it off.
    • Get a value for your car. If the charity doesn’t plan on selling it, the IRS will want a fair market value
    • Most charities will pick your car up for free with a tow truck. If possible, try to drive there directly to help them save the tow cost.
    • Research your charities. Know how much of the proceeds of the sale will go directly to the charity.

san francisco car donation

If having a hard time choosing a charity, the charities noted below are reputable 501(c)(3) organizations that will tow your car away for free:

Alzheimer’s Association of New York: Leading the nation and state of New York in Alzheimer care, they provide advanced research, personal care, and support for families in need.

American Kidney Fund: The American Kidney Fund help patients, educate them, and offer preventative help. The American Kidney Fund puts patients first and is a recognized leader throughout the United States.

Children’s Cancer Fund: The mission of the Children’s Cancer Fund is simple. Their goal is to offer support to affected children and help improve the quality of their life. The majority of the donations made to this organization is sent for lab research.

For the Love of Animals: A nonprofit, all volunteer agency that helps prevent animal abuse and overpopulation. The sole purpose of this organization is to help educate the public the true responsibilities of animal ownership.

Ride for Life: Ride for Life is a nonprofit organization that help caregivers and patients living with ALS. Their mission is to help raise awareness to the public about ALS and help provide adequate support to patients in need.

The Benefits of Tax Deductions

To donate a car in New York, many leave feeling good helping organizations in need. The good feeling shouldn’t stop there though. A donator should also be aware that the IRS will reward those that donate a car with many tax benefits such as large deductions. To help you understand the process, here’s what you should know:

If your car is worth less than $500, the IRS will ask that you give them with a fair market value and written acknowledgement from the charity. If the car is worth more than $500, the final sale price of the car will be the deduction that you can receive. 99 percent of charities out there will sell your car within 30 days of receiving it. Upon the sale, they will send you a form claiming the final sales price. This is the price that you have to claim on your taxes. If the car was sold for more than the $500, you’ll have to complete the IRS Form 8283 via the Schedule A.

In the end, the biggest winner out of everything can be you. You’re going to help people in need, you’ll get a nice deduction, and you don’t have to worry about the hassle of selling your car. If you want to donate a car in New York, consider a few charities noted above, or use the tips provided to pick one that suits your interests.

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San Francisco Car Donation

Posted in Cities, Donate Car, San Francisco by admin

Car Donation in San Francisco 101

San Francisco is packed full of charities that are ready to take your car today. If you have thought about donating a car and not selling it, you probably already know that not only will you get a nice tax deduction come tax season, but you’ll be helping out the less fortunate in your community.

To make things easier, listed below are a few reputable San Francisco car donation organizations that are currently accepting car donations:

Arc of San Francisco: Founded in 1951, the Arc of San Francisco helps provide various opportunities for people with disabilities, developmental issues and families in need. The Arc will accept all types of cars seven days a week. Fill out a form on their official website, and a representative will arrange a free towing within 24 hours.

SPCA of San Francisco: The sole mission of the SPCA is to help save and protect animals. They offer care, treatment, adoption services and even provide a public veterinarian clinic. Those that are interested in donating their car will know that the proceeds of their car sale will help those animals in need. To donate a vehicle, the SPCA asks that you have a clear title and a car that is worth more than the cost of towing. Within 24 hours of contact, the SPCA can offer next day pick-up.

San Francisco Food Bank: On a daily basis, close to 200,000 people in the San Francisco area struggle with nutrition. This means fewer meals per day and a poor diet. The San Francisco Food Bank will help those families with free and reduced meals. A donator can be assured that the sale of their car will go to people who need healthy meals in their everyday lifestyle. To donate a car to the food bank, the vehicle can be towed and auctioned off for free. When auctioned off, all they ask is that you appoint them as their beneficiary.

donate car

What Can I Expect to Write off?

Making a San Francisco car donation does have great benefits in terms of tax deductions. The process can be rather confusing, so let’s try to clear things up.

For starters, most charities are going to sell your car after you give it to them. As long as the charity is a registered 501(c)(3) organization, the donator can legitimately claim a deduction. If the value of the car is less than $500, all the IRS will ask for is a written acknowledgment by the charity. The value of the car is then left up to the donator. Keep in mind that the value can’t exceed the $500 mark.

Now, if the car is worth more than $500, extra steps will have to be taken. You must get a sales receipt within 30 days of the sale. The true deduction of your car will be the final sales price. For example, if you think that your car is worth $2,000, but it only sells for $1,500, the car will have a final deduction of $1,500. With a sales receipt, the charity will send something known as a Form 1098-C. The IRS will require that you attach this sheet to your return.

You must complete the Schedule A of Form 8283 to claim your car donation deduction if the car is worth less than $5,000. If the car was worth more than $5,000, you’ll have to fill out section B of Form 8283. A written appraisal will also be needed.

While the tax process can be rather confusing, all charities will be able to walk you through the right steps so that you don’t miss out on any money. A San Francisco car donation is a great way to get rid of a car without any hassles while helping families and organizations in need.

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What are the Consequences of Driving Without Insurance?

Posted in Auto Insurance by admin

If you are thinking about canceling your car insurance to save money, you may want to think twice about that decision. It’s true that car insurance can be costly; some factors, like an unsafe driving history or choosing to drive a high risk vehicle, will cause you to pay more for your car insurance. There are some consequences that you may face if you drive without car insurance, however, that can make going without it more costly than paying the premiums. Before you cancel your insurance, you should fully understand what the consequences may be.

Your State’s Penalties
In most states across the U.S., drivers are obligated by state law to carry a minimum amount of car insurance. This requirement usually dictates a certain amount of liability coverage. Some states also have requirements for Uninsured Motorist coverage and Personal Injury Protection. In addition to requiring coverage, each state has specified penalties for drivers who do not meet coverage requirements. These penalties will vary by state, but most include provisions for a monetary fine, the suspension or loss of a driver’s license, the suspension or loss of vehicle registration and even serving time in prison in certain cases.

Your Lender’s Penalties
While most states have minimum insurance requirements, many lenders and lessors have insurance requirements as well. They generally differ from state insurance requirements, which means drivers may be required to purchase even more coverage. Typical coverage requirements may include gap insurance maintenance, collision insurance or comprehensive insurance. If you fail to maintain the required coverage, the lender or lessor typically can purchase the required insurance on your behalf. The insurance coverage purchased by a lender or lessor may be more costly than the coverage you could buy yourself.

Out-of-Pocket Expenses
As a driver, you should be aware that you are financially responsible for all damages you cause with your vehicle. This includes damages to other vehicles, medical expenses others face as a result of your actions, and property damage. This is coupled with your own accident expenses as well, as you may need to repair your own vehicle, replace property inside of it that was damaged or pay for your medical expenses. If you do not pay for damages you cause to others, they can take you to court and sue you for damages. You will be faced with court costs which can affect your credit rating.

While car insurance can be expensive, it is far more expensive to not carry the proper amount of insurance. There are steps you can take today to find more affordable car insurance coverage. For example, you can get several quotes from sites. You can also adjust your coverages so they protect you, but you’re not over-insured. Increasing your insurance deductible can also make car insurance more affordable. The fact is that car insurance is a required cost of driving, and it can minimize your out-of-pocket costs and liability behind the wheel. Take time to shop for more affordable coverage today to avoid facing the unpleasant consequences associated with being uninsured.