Car Donations in Minneapolis Support Good Causes
September 8th, 2009, 10:18 pm
Tired of that old, rusty, beat up clunker sitting in the driveway? If your old car, truck, van, SUV or other vehicle is quickly becoming the neighborhood eyesore, then why not consider donating it to a worthy cause? Many charities in the Minneapolis, MN area are always on the lookout for bigger donations like used cars and trucks and you can get a tax donation in most instances for donating your vehicle to your favorite local charity.
Reduce Your Tax and Do a Good Deed
Charities like Goodwill, Habitat for Humanity, and others, rely on hefty donations of vehicles in order to make their yearly budgets. And the good news is that if you donate your used car or clunker to your local charity on or before December 31st of the calendar year, you can deduct the blue book value of the car from your taxes as a charitable contribution. That means that you’ll have the opportunity to knock off some of the tax debt that you owe while doing a good deed in the process.
Better than Trade-In Value
Many people are reluctant to donate their used vehicles to charity or make car donations because they have a picture in the back of their mind that they will use the vehicle as a trade-in when it is time to buy a new car. However, most car dealerships don’t give that much for trade-ins – which means that the tax deduction that you’ll receive is usually more than the dealer would knock off the price of a new car anyway.
To find a list of charities in your local area that accepts and welcomes car donations from Minneapolis, MN residents, simply search for “car donations Minnesota”. Many of these charities will also come out and tow in vehicles that inoperable and sell them either as is or as junk in order to make extra money for the charity.
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