How to Save Money on Taxes With A Donation

One of the best ideas when you want to know how to save money on taxes is to donate a car to charity.
 
 
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Wichita - Kansas - US

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WICHITA, Kan. - Sept. 17, 2019 - PRLog -- One of the best ideas when you want to know how to save money on taxes is to donate a car to charity. It's an everyday item that practically everyone has, and at times you probably dream of an upgrade, a downgrade, or simply finding a vehicle that meets your needs better than your current vehicle.

If fiddling around with finances isn't your bailiwick, don't worry, because many of us understand the process of supporting the charity you wish while also garnering your charity tax deduction. At Cars2Charities, for instance, we literally handle the entire process, from towing away your vehicle donation to completing the paperwork, including the title transfer.

With a car donation to charity, you typically just turn it over to the company that's processing your gift. For instance, when Cars2Charities gets an online donation or a call, we arrange a time for pickup and tow it to one of our technicians, who assesses it for possible alterations.

Not only is the value of your vehicle transformed into support for the charity of your choice, our process tends to raise the selling price of your car by about 25-50%. And because your tax write-off is based on the selling price of your car, it makes your tax break stronger.

You don't have to be rich to score on your taxes. The truth is, when you look at the particulars regarding how to save money on your taxes, it's actually very simple – don't neglect the potential to pay less to the IRS by not participating in charitable giving and accessing your charity tax deduction.

If you want to give a car to charity or simply fund a 501(c)(3) directly, there are many to choose from – more than 1.5 million in the United States, to be exact. You can consult a tax deduction list of charities (https://www.cars2charities.org/causes) if you need ideas, but chances are you're already involved with some nonprofit entity. Your child could be involved in Scouting or you could be a member of PTA. Or you may choose to give to your non-profit gardening club or performing arts group.

If you need more detailed information, it's available here (https://www.youtube.com/watch?v=u-BUGiRXuGg&feature=y...).



The prospects are really wide open, as your bottom line benefits whether you're donating to veterans (https://www.cars2charities.org/blog/car-donation-for-veterans-driving-away-post-military-pain-through-national-veterans-foundation), rescuing animals or you're throwing it in the offering plate on Sunday mornings. When it comes to how to save money on taxes, giving to charity is a winning way to achieve it. All it takes is a little creativity and attention to resources available to you.

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Tags:Taxes
Industry:Accounting
Location:Wichita - Kansas - United States
Subject:Services
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