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re: Anyone Here Ever Donated Their Car to NPR?

Posted on 7/28/16 at 12:41 pm to
Posted by Special K
Member since Jun 2011
1099 posts
Posted on 7/28/16 at 12:41 pm to
I donated my old 96 camry that wouldn't start to the WWII museum in NOLA. They picked it up and you get a tax credit of whatever they sell it for at auction.
Posted by Peazey
Metry
Member since Apr 2012
25418 posts
Posted on 7/28/16 at 12:51 pm to
I donated my old falling apart truck to bridge house several years ago. Very easy. I imagine the process is the same. At pick up they give you the option of a $500 tax credit just straight up or their mechanics will assess repairs. If the mechanics think the repairs aren't worth it then they send it off for scrap, and you get the scrap value as a tax credit. If they decide to repair it then I believe you are able to use the sale price as a tax credit. I don't quite remember on that last one. Whether or not this is worth it to you depends entirely on your individual tax situation.
Posted by TheAlmightySmash
New Orleans
Member since Jun 2014
5479 posts
Posted on 7/28/16 at 12:55 pm to
NPR is cancer
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65419 posts
Posted on 7/28/16 at 1:55 pm to
frick NPR, donate it to a organization that teaches individual independence rather than governmental reliance.
Posted by BioBobcat
Boston
Member since Feb 2013
613 posts
Posted on 7/28/16 at 2:14 pm to
Not a donation to NPR, but you could donate a car to a prospective football player at Ole Miss. However, I do not think you can get any tax relief for such donation.
Posted by MLCLyons
Member since Nov 2012
4707 posts
Posted on 7/28/16 at 2:28 pm to
Just remember that you have to have some sort of value determination, even if it's KBB or something. The thing is though, if you donate the car with a "value" of $2000 but the charity ends up scrapping it because of problems, you actually only get a write-off for the amount they scrapped it for.

Even so, it's a tax DEDUCTION, not a CREDIT. If it's valued at $2000 and you're in the 25% bracket, you get a $500 deduction. In most cases, I think you're better off selling the car for cash and doing the title as a gift or a very small sale price.
Posted by trident
Member since Jul 2007
4742 posts
Posted on 7/28/16 at 2:36 pm to
What about your local high school shop class? The tax "break" isn't that great
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