Factors To Consider When Choosing Wisconsin Car Donations
Donating a car to charity is a great option instead of getting rid of it. It is a good option other than selling it. However, you need to keep in mind that there are certain considerations to follow. The many available charities can make it hard to identify the right one to donate to. Below are guidelines that will help you pick the right Wisconsin car donations.
It is vital for you to be aware of the IRS guidelines that govern charitable donations or . You will find this on their website for you to know about any contributions deductions limitation. It will be easy for you to know the market value of the car. If you tax matters are complex, seek the services of a financial advisor to get professional advice. You need to be sure that you are donating to a legitimate charity. Consider looking for one with a good history. Give consideration to those who have the information on IRS or national charity database to be sure that they are legit.
It is best for you to note that car donations charities are not created equal. Review their records of spending to know if they have been using the donations appropriately. There are several sites that you can use to confirm if they have a good reputation for you to make an informed decision. Get recommendations from friends who have previously donated their vehicles to charity. Let them share their experiences and make your decision based on their opinions. Pick a charity which has been in existence for long. You will be comfortable given that they have handles such dealings in the past. Consider reading reviews left by previous donors for you to confirm if they use the donations effectively.
In addition, the charity you select needs to accept the donations directly without the use of any third party.
Consider driving the vehicle to the charity organisation instead of hiring towing services to ensure the retain all the amount they receive from the proceeds. You can request them to share with you contact information of previous car donors and get in touch with several of them. You will get information about the processes they use and their reputation. References will help you make an informed decision because you will get details that you would otherwise not find on their website.
Also, after donating the vehicle, the title needs to be transferred accurately. Failure to do the transfer process means that the next owner will not be held liable for any accidents or crime but you. A legitimate charity will ensure you fill this information on the paperwork. Ensure you scan copies of the paperwork and keep them safe tax audit purposes.