Donating a car to help kids can be arranged through Kars4Kids.org and the Make a Wish Foundation's Wheels for Wishes program. Kars4Kids.org is a car donation program that requires visitors to provide the make, model and year of the car, mileage, title and working condition.Continue Reading
Site visitors must also provide an address for pick-up. In states such as New York, pick-up may be arranged in as little as 24 hours. The IRS allows a person to claim a tax deduction for the sale price of the car and the donor receives a tax-deductible receipt. If a car is valued at less than $500, a donor can claim the fair market value up to $500. Kars4Kids.org provides a donor’s guide that can be downloaded and tips on tax filing and how to claim the deduction.
The Make a Wish foundation also accepts donated cars to help kids who face life-threatening medical conditions. Proceeds from the sale of the vehicle go to Wheels for Wishes. A donor fills out a form, and arranges for vehicle pick-up. The donor receives a 100 percent tax-deductible receipt when the vehicle is sold. Donors also benefit by eliminating the insurance cost for a vehicle that is no longer used.Learn more about Buying & Selling