Most people are familiar with Goodwill Industries International. Goodwill has been an internationally respected organization since 1902, when a respected Boston Methodist minister named Reverend Edgar J. Helms began collecting used clothing and other household goods from wealthy families and individuals in the city. He then set about training and hiring those who were in need to repair and mend the used, collected goods. Then, either the people who repaired those goods, in turn, received them for free or they were resold.
Most people today are still under the impression that Goodwill still collects only goods such as used clothing, furniture, and other household goods. However, recently, they have started accepting car donations. This is terrific news for used car owners who might want to consider donating their vehicle to a worthy organization. No longer will you have to deal with the hassle of trying to sell the vehicle yourself. We all know how difficult it is to sell a car these days!
However, when making a Goodwill car donation, there are specific steps you must follow and important records that must be kept in order to receive a tax deduction:
1. You will need to verify if you are indeed qualified to receive a tax deduction. Not everyone who donates a vehicle will meet the qualifications for a tax deduction. There are two things that determine your eligibility.
2. You will need to determine the fair market value of your car. There is an easy way to do so online.
3. You will also need to be certain that get all the necessary details of the Goodwill car donation. These include certain receipts and paperwork provided by Goodwill Industries.
4. You will need to prove that you are indeed the legal owner of the vehicle. There is an easy way to do this. One document is all you need.
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