The car donation process sounds so simple: Donate your used vehicle to charity and receive a tax deduction while you help those in need. It’s a win-win situation, right? Not necessarily. Without a little planning and preparation, it can be easy for well-meaning donors like you to end up stumbling and fumbling with deductions come tax time. [Read more...]
Considering how vast the planet is, one might think that making a difference or changing the world for the better are feats best left to extraordinary individuals—but such is not always the case. As Aesop, the popular Greek storyteller, once stated: “No act of kindness, no matter how small, is ever wasted.” Therefore, whether you’re planning to volunteer at local charities or donate your car in New York with the help of car donation processing companies like Miles Ahead Donations, know that you’re about to contribute and support a noble cause. [Read more...]
People have been engaged in acts of philanthropy throughout the ages. These selfless acts of giving, often through monetary means, have been revered for so long that in the minds of many, giving has probably become limited only to finances. However, not all those who would genuinely love to give to charity have much spare cash lying around.
LifeHacker.com reader “Two Shekels” shared the same dilemma. Fortunately, writer Eric Ravenscraft offered some timely advice. In a reply to the query, Ravenscraft said: [Read more...]
A significant number of people in the world give to charity, and that’s a good thing. If you’re part of that statistic, have you ever wondered why someone would donate a car to NY charities to shelter perfect strangers, or feed the hungry whom they’ve never met? Social psychologists have a theory behind this behavior, as described in an Eva’s Village article by Joanne Fagan: [Read more...]
So you’ve finally decided to cut ties with the old junker in the garage. You had a good run and your share of happy memories, but it’s time to move on. Plus, the car’s value will be written off as a tax deduction. Bear in mind, however, that making a car donation in New York, Boston, and other urbanized locations isn’t as simple as dropping change into a tin cup. Joanne Fritz described the risks and complexities in her article in About.com: [Read more...]
Choosing to donate a car in NY through organizations like Miles Ahead Donations opens the opportunity to a lot of advantages, ranging from a sense of moral fulfilment to tangible financial benefits. No matter what your reason may be, you would probably agree that getting tax donations would have to be one of its greatest perks.
Here are some facts you should know about it: [Read more...]
The current state of the economy is sure to entice someone to sell his old car rather than donate it. However, there are reasons one might not know about which might convince him to donate a car to NY charities instead. An excerpt from James Jo’s Finance Columns article dated December 25, 2013 provides some explanation:
Charitable contribution deductions are a fairly familiar concept for most taxpayers. Aside from monetary forms, however, tax deductions can also come in the guise of a New York car donation endeavor. The question is: how do car donors go about it? An excerpt from Kay Bell’s Fox Business article dated June 28, 2013 might shed some light on the process and the possible tax breaks waiting: