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Information on Car Donations to the Blind Aberdeen SD

To donate cars to the blind, you simply select a relevant charity and make the donation. Under new tax rules, the charity will provide you a receipt when they pick up the car. The charity will then sell the car at an auction, essentially turning your old hunk of junk into money that can help the blind. Read on for details.

Mr. Todd M. Klein (RFC®), CFP
(605) 348-2433
1241 E St. Joseph St
Rapid City, SD
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Fintegra, LLC
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IARFC
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Invoice, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning, Tax Returns, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Education Plan

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Information on Car Donations to the Blind

Donate Cars to the Blind

For those that have sight, it is hard to imagine being blind. If you're considering a charitable act, here's information on how to donate cars to the blind.

Charitable entities rely entirely on the compassion of others. Americans are famous for their generosity as highlighted in the donations given to the victims of Hurricane Katrina and the Tsunami in Asia. While such largeness is commendable, many entities need donations throughout the year. Charities focused on helping the blind are one such group.

The much maligned tax code gives Americans a break if they donate cars to charities. The process is fairly simple. To donate cars to the blind, you simply select a relevant charity and make the donation. Under new tax rules, the charity will provide you a receipt when they pick up the car. The charity will then sell the car at an auction, essentially turning your old hunk of junk into money that can help the blind.

When the charity sells the car, the actual price paid by the buyer is the amount you can deduct. Before 2006, you could just claim the fair market value of the car, but the rules have changed. The charity will send you an acknowledgement that the car has been sold and the price paid for it. The price paid is the amount you can deduct on your tax return. Make sure you keep the correspondence from the charity so you can prove the deduction to the IRS should it ever be questioned.

Following are a list of charities helping the blind. Please note this list is for your convenience and we do not endorse any of them.

American Foundation for the Blind
Eleven Penn Plaza, Suite 300
New York, NY 10001
tel: (800)232-5463
fax: (212)502-7777

National Federation of the Blind
1800 Johnson Street
Baltimore, MD 21230
Phone: 410-659-9314
Fax: 410-685-5653

Helen Keller International
352 Park Avenue South, Suite 1200
New York, NY 10010
tel: (877)535-5374
fax: (212)532-6014

Himalayan Cataract Project
P.O. Box 55
Waterbury, V...

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