How to Get a Donated Car in Powell County, Kentucky
Donating vehicles for charity auctions has declined, writes Joanne Helperin at Edmunds.com, thanks a 2005 Internal Revenue Service rule limiting car owners' tax deduction to the price the car fetched at auction, not its fair-market value. Car owners can deduct its value if donated to a nonprofit organization providing cars to the needy, however.
Other People Are Reading
-
The Facts
-
Most donated cars come from local charities, according to Sandra Block at USAToday.com. While no charity based in Powell County, Kentucky, provides free cars to the poor as of 2010, some organizations award free cars nationwide to those who qualify. 1-800-Charity Cars and OnlineCarDonation.org, for example, give preference to those with special circumstances, such as domestic violence victims, the working poor and military families.
How To Apply
-
Powell County residents can apply for a free vehicle at OnlineCarDonation.org by providing contact information, and explaining why they need a car. 1-800-CharityCars requires applicants to build an online profile; eligibility requires generating a "modest level" of votes from sympathizers.
-
Considerations
-
Block describes the average car given away through charity as 10 to 12 years old, with at least 100,000 miles. 1-800-CharityCars gives away around 1,000 cars a year, but receives about 2,000 requests a month.
-
References
- Charity Cars: How This Works
- 1-800-CharityCars: Who Is Eligible to Apply for a Charity Car?
- OnlineCarDonation.org: Who Is Qualified to Apply for a Charity Car Donation Gift
- USAToday.com: Donating a Car Can Be a Good Deal if It Goes to the Needy, Not an Auction
- Edmunds.com: Does Charity Car Donation Still Make Sense Under Tougher IRS Rules?
Resources
- Photo Credit car image by sasha from Fotolia.com
