Blok Auto

Before you donate your vehicle we suggest asking the charity for copies of its latest annual report and determine how they spent their funds in the past fiscal year. Find out what happens to the donated cars. Will they be used in helping to carry out the program services? Will they be sold? Will they be recycled and how? Find out if the company issues receipts if the receipt contains their registered charity number on it and if the receipt will be issued for the fair market value of the car? The answers to these questions may determine how big a tax write-off if any you can take. Ensure you are dealing with a legitimate charity and not a company that has a name similar to a charity.~~Make sure that your donation is tax deductible. Donations to a charity that qualifies for Section 501(c)(3) of the Tax code are usually tax deductible. Donations to a nonprofit organization that has 501(c)(4) 501(c)(6) tax status or other tax exempt status are not tax deductible. Don’t confuse tax exempt and tax deductible. Tax exempt applies to the charity itself—it doesn’t have to pay taxes. Tax deductible means you may be able to deduct the donation on your income tax return. You can use IRS publication 78 Cumulative List of Organizations to check if a charity is eligible to receive tax-deductible contributions. Note that in order to deduct charitable contributions you must itemize your deductions on IRS Form 1040 Schedule A.