Another busy year at KLZR! Our 2018 Annual Report is fresh off the presses!
Here are some frequently asked questions about the process:
What can I donate?
You can donate most any vehicle, including cars, trucks, boats, motorcycles
and recreational vehicles. They do not have to be currently running although Vehicles for Charity will determine if the value of the car makes it worth towing. Your
vehicle donation will be sold at an auction or to salvage depending on
condition.
Is my donation tax-deductible?
Yes, KLZR is a non-profit organization and all donations
qualify as a charitable deduction on your federal income tax return.
What do I need to donate my car?
The title to the car must be in your name. We will also need some
information about where the car is located and the condition of the car. This
will assist us in scheduling appropriate towing arrangements.
Will you pick up my car?
A towing company will call you to schedule the pick-up of your vehicle.
You will need to give the driver the keys to the vehicle as well as your
signed title.
How is the value of my car determined?
The IRS allows you to take a charitable tax deduction on your federal
income tax form equal to the amount the vehicle sells for at auction unless it
sells for less than $500. If your vehicle sells for less than $500 you may
deduct no more than $500. If your vehicle sells for more than $500, you will
need to include the IRS form 1098C. Vehicles for Charity will supply this
documentation after your vehicle sells. We recommend you consult your tax
advisor with questions about your deduction.
