How to Donate a Car in New York
If you want to donate a car in New York, it can be a great way to help someone in need, and it can earn you a fairly large tax deduction in the process. There are a number of different car charities in New York that are willing and able to accept your vehicle within the state.
The first step is choosing which New York car charity you would like to donate to. The best way to find out information about the various New York car charities is to do a search on Google. Narrow your list down to 5 or 6 that you think you would most like to give your car to. You also need to make sure that the charities you’ve chosen are qualified by the IRS to accept tax-deductible charitable donations. This information can be found on the IRS website.
After your list is complete, start calling the different organizations. Ask to speak with the director or a fundraising coordinator. Since you are donating a large ticket item, they should definitely want to have an in-person meeting with you. If the charity says they do not do meetings, move to the next organization on your list. If more than one agrees to a meeting, use your judgment based on who seemed most excited about accepting your NY car donation.
Before your meeting with the NY car charity, you need to prepare the car’s records for them. Get all of the cars maintenance records together in a folder, along with a fact sheet containing all pertinent information about the vehicle. This should contain the value of the car, the average insurance price, and the year, make and condition of the vehicle. You can find the book value of the car online; this number is important because it will be a major factor in determining how much your tax deduction will be. If you feel your car is worth more than $5,000, you will need to get a written statement from a licensed appraiser. You should also go through the car, including the glove compartment and trunk, to make sure that you have gotten all of your things. Make sure the emergency equipment is intact, and the spare is ready to go.
The final step to donate car in New York is setting up a time for the charity to come pick up the car. Once again, if they are late or do not want to meet you, you should move to the next charity on the list you made. When they arrive, make sure the person who comes is an official who is able to write a receipt for your car. This is necessary for tax purposes. The rest of the paperwork should be handled by the charity. The final step for you is to sign over your title or transfer papers to the charity, and to give all the prepared papers on the car’s history to them. The transfer section on a title is located on the back of the document.
Following the tips above should make donating your car in New York as easy as possible. After the process is complete you can have the satisfaction of knowing that you helped someone who needs a car, and got a nice tax deduction at the same time.
Filed under: Car Donation by Location
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