Kars4Kids is one of many charities that accepts car donations. An online listing of further charities that accept car donations can be found at DonateCarUsa.com. DonateCarUsa.com allows you to search for a charity that accepts used cars by state or category.Continue Reading
Kars4Kids is an nonprofit charity that specializes in used car donations to benefit children. This organization picks up a donated car within 48 hours. They also offer two-day hotel vouchers to make donating a car an easy and stress-free experience.
Donations to Kars4Kids are typically tax deductible. The tax deduction itself is equal to the car's fair market value up to $500, as evaluated by the donor. The U.S. Internal Revenue Service's website provides a list of additional rules explaining how to account for tax deductions for donated vehicles.
The procedure and requirements for legally donating vehicles varies by state. Specific information can be found on the relevant state's Department of Motor Vehicles website. Practical considerations include transferring the car's title and canceling its registration.
When considering car donation, it is good practice to cross reference potential recipient organizations with the Better Business Bureau. This ensures that a donor's vehicle goes to legitimate nonprofit charities with ethical business practices.Learn more about Buying & Selling