If you have a car that is fully paid off which you're not using, you're in a great position. There are so many people who wish they had a vehicle, and if you have an extra car hanging around you're likely very thankful. However, since you're not using the car you may be thinking about selling it. A better decision may be to donate it to charity. Use this information to learn more about why now is the time for you to donate your car to a worthy charity.
Donating Your Car Gives You A Tax Write-Off
One of the main reasons why you should donate your car is because it provides you with a tax write-off. This is good news, especially if you've found yourself in the tax hole in past years.
Donating a car is essentially the same thing as rounding up unused clothing and household goods that you take to a nearby goodwill or thrift store. You'll be given a receipt that specifies just how much the donation is worth, and you can use this as a credit when you get ready to file your taxes.
This varies tremendously from selling the car. If you sell your car and make a profit, you may have to claim the earnings as a boost in your income. This means that you'll owe more in your taxes and this could set you behind quite a bit.
Donating Your Car Helps Other People Get Back On Their Feet
Another reason why you should donate your car is because it could be the key to helping someone else get back on their feet. You may not be able to imagine the hardships that some people go through. The very act of you donating your car could make a big difference in the life of another human being.
For example, there could be a person who desperately wants to get back to work. They've searched frantically and have finally found a job. However, if they don't have a vehicle they won't be able to make the commute. Your car could be the difference between them getting back into the workforce, or living in the poorhouse.
Donating your car could turn out to be an incredibly wise decision. Don't wait; contact a local charity, such as Action Donation Services, today so you can find out more about what you need to do to get your vehicle into the hands of a needy individual as soon as possible.