St. Vincent de Paul Society
17205 AL-35, Scottsboro
store point of interest establishment

More About Car Donation Services from Wikipedia

Car donation is the practice of giving away no-longer-wanted automobiles or other vehicles to charitable organizations. In the United States, these donations can provide a tax benefit.


In the United States


Some critics have claimed that car donations are essentially a tax shelter. However, non-profit organizations in the US have come to rely increasingly upon the revenue from car donations. This type of donation has become increasingly widespread; in 2000, 733,000 U.S. taxpayers reduced their taxes by $654 million.


Tax considerations

Although advertised as an easy way to dispose of an old car, donors need to fulfill certain post-donation requirements to qualify for the tax deduction,[https://www.irs.gov/pub/irs-pdf/p4303.pdf Internal Revenue Service Publication 4303, A Donor's Guide to Vehicle Donations] such as obtaining a written acknowledgment of the car's subsequent sale by the charity,


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https://en.wikipedia.org/wiki/Car Donation