The IRS urges people interested in charity car donations to make sure the chosen organization is legitimate. “Otherwise, your deduction will not be tax deductible,” they warn in A Donor's Guide to Vehicle Donations. A list of qualified organizations is available on the IRS website.
Know that many religious organizations, such as churches, synagogues, mosques and temples are not listed but are still considered qualified organizations by the IRS. If uncertain, double-check with the religious institution to find out whether they are qualified or not. Most importantly, know what the charity does with car donations. This affects the size of the tax deduction.
Wednesday, July 15, 2009
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