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Car Donation For Tax Deduction

Ready to say goodbye to an automobile? Interested in making a car donation for a tax deduction? This is definitely one of the big benefits of giving a vehicle to charity. Not only do you get to help other people, but you also get the possibility of a significant financial incentive come tax time. That said, in order to ensure the donation qualifies and maximize your write-off amount, it’s important to take the proper steps. 

Likewise, keep in mind, those who are looking to donate a car for a tax credit should understand the difference between credits and deductions. While there are no tax credits for donation, there are potential deductions, provided you itemize on the return and follow the proper guidelines from the IRS.

With that in mind, here are the steps to follow to get an IRS tax deduction for a car donation to charity:

1. Contribute to a qualifying charity. In order for you to be eligible to receive a tax deduction for a donation, you must give it to a charity that’s been properly certified. Choosing an IRS-certified 501(c)3 nonprofit organization such as Goodwill Car Donations means you automatically qualify.
2. Determine the deduction amount. Knowing the value of a donated car for tax purposes depends on the vehicle’s final selling price. According to the IRS Publication 561, you can either deduct the amount the automobile sells for or the fair market value up to $500. This means, for example, that if the car sells for $5,000, that is the amount you can deduct, even if the fair market value is higher. When one gives to Goodwill Car Donations, he or she should receive a tax receipt listing the sales price within 30 days of its auction; the receipt can also be emailed, if preferred.
3. Itemize tax deductions. When tax time arrives, you’ll have to itemize the deductions rather than take the standard deduction amount. This allows you to include the value of the car donation in the deductions total. You’ll also need to provide documentation of the contribution, listing your name, the vehicle identification number, the date of donation and a statement of sale.

Why Donate to Goodwill Car Donations

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When you’re ready to get rid of a clunker, Goodwill Car Donations is the place that makes the entire donation process as quick, easy and beneficial as possible. All you have to do is contact us, and we take care of everything else. We come to you to pick up and tow the automobile at no cost. We provide a tax receipt after it’s been sold. We also accept all kinds of vehicles, from cars and vans to campers, boats, golf carts and ATVs, whatever their condition. 

More than that, though, your donation goes directly toward helping our nonprofit partners transform the lives of hurting people in your community. The proceeds of the car donation will fund vital services and programs geared toward the poor, unemployed and disabled near you. Truly, the possibility of a tax deduction is icing on the cake!

If you’re ready to learn more about our speedy, convenient donation process, reach out to us anytime. Completing a form takes two or three minutes, and it jumpstarts the vehicle contribution process. Get started on your donation today!

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Donate Your Car by December 31^st to Get Your Tax Deduction

Do you have an old car that’s just taking up space in your garage or backyard? Is your clunker becoming even more of a headache by the day with its frequent breakdowns? Are the repairs and parts replacements bleeding your pockets dry?

Rather than go through the trouble of finding a good buyer for your old car, or sending it to the scrapper and worry about the cost of transport, there is a practical way to get rid of your ancient auto without costing you a dime and, at the same time, turn it into an instrument of hope for the needy.

The holiday season is the best time to donate old and unwanted vehicles to charity. Not only will your donation provide vital assistance to your less fortunate fellow Americans, it will also entitle you to receive a hefty tax deduction for the current year if you donate it before December 31^st.

You’ll qualify for the tax write-off for as long as you made your auto donation to an IRS-registered 501(c)3 nonprofit organization. Don’t worry if the charity isn’t able to auction off your car in the first few days or weeks of the new year; you’ll still be able to claim your tax deduction when you file your itemized federal income tax return before the April 15 tax filing deadline next year.

Here are some tips for donating your car before the start of the New Year.

1. Pick a qualified charity.

If you’re going to use your car to support a charity, pick one that’s listed on the IRS website to make sure that you will qualify for a tax deduction.

2. Avoid middlemen.

It is better to contact legitimate charities directly rather than go with car donation “charities” that only make token donations to charities. These organizations keep a portion of the vehicle’s value, which lessens the value that you can claim for your tax deduction.

3. Keep your records. 

Keep the documents that the charity will provide you such as the written proof of donation, receipt of sale, and also the copy of title change to end your legal liability to your donated auto.

4. Understand IRS rules before filing your tax return.

Understand the IRS rules on claiming tax deductions before filing your tax return. Check whether you can claim a bigger tax write-off if you itemize your deductions rather than simply go for the standard deduction.

5. Donate online. 

Donate online to minimize paper filings. It will be a big favor to the environment.

How Your Donation Can Help the Poor

If you want to donate your car to charity for the benefit of the poor, donate it to us at Goodwill Car Donations. When you do so, you’ll help empower the disadvantaged individuals in your community. These are the men and women who can’t find decent and stable sources of income because of disabilities, lack of essential skills and education, and other personal issues.

We’ll have your car auctioned off, with the proceeds going straight to the Goodwill organizations serving your area. These are IRS-certified 501(c)3 nonprofits that provide deserving individuals in your community with job training, employment opportunities, livelihood assistance, and other critical community-building support services.

With these services that you will help support with your vehicle donation, the disadvantaged residents of your community will be able to make full use of their potential, find decent jobs or livelihood, and free themselves from poverty.

Taking part in our donation program won’t require you to leave the comfort of your home or pay for the towing of your vehicle. We’ll send out a licensed towing company to pick up your vehicle at no cost to you. Plus, we’ll have your 100% tax-deductible receipt delivered to your doorstep days after we get your car sold. With this receipt, you can claim your maximized tax deduction in the next tax season.

Aside from the material rewards that you’ll get from your act of charity, you’ll find great satisfaction in doing something that will benefit your entire community as once idle individuals will be given opportunities to attain financial stability and live productive and fulfilling lives.

We accept nearly all vehicle types, whether they’re still in good condition or no longer. Your location won’t be a problem since we can serve you wherever you’re located in the United States.

You can learn more about how everything works in our vehicle donation program by checking out our FAQs page. If you have questions, call us at 866-233-8586 or contact us online.

Help the Needy and Yourself, Too!

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Before the year ends, use your old car to help the less fortunate members of your community and, yes, to be able to claim a tax deduction next year. Call Goodwill Car Donations at 866-233-8586 or fill out our online donation form now!

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4 Amazing Thrifting Hacks You Need to Know on National Thrift Shop Day

Are you ready? Get set. Shop! August 17 is known throughout the country as National Thrift Shop Day. It’s the perfect opportunity for budget spenders and smart shoppers to profess their love for thrift shops that have saved them a ton of money over the years.

All over the country, there are over 25,000 resale, consignment, and non-profit resale shops in operation. Popularly known as thrift shops, these establishments are typically run by charitable organizations to raise money to support their respective causes.

Buying goods from thrift shops is a great way to save money because the items being sold there cost much less than those sold in other establishments. Shopping in thrift shops benefits the buyers, merchants, charities, and their beneficiaries.

The Benefits of Shopping at a Thrift Shop

Consumers can benefit immensely from shopping at thrift shops, Here are three of those benefits:

1. Thrift shops offer treasure troves of unique items.

Stop worrying about the possibility that when you go to school or work, you might find yourself dressed in exactly the same kind of shirt worn by some of your classmates or officemates. There’s a huge selection of clothes offered for sale at thrift stores. These clothes are not necessarily the most fashionable ones, but you could start a trend with the right effort and creativity. Plus, for the same amount of cash, you could get three times more items at a thrift store than when you shop at a mall. If you know where to look, thrift shops are also an excellent source of unique pieces for your home decorating projects.

2. You can save a lot of money.

You get a bang for your buck when you shop at thrift shops. This will free up your budget for more important things.

3. Thrift shops are excellent sources of good books.

People donate books in thrift shops all the time. You can discover a wealth of amazing titles. You might even find your new favorite there.

4 Thrift Store Hacks You Need to Know

While shopping at thrift shops may overwhelm first-timers, the pros have spoken and shared some amazing tips to guide you on your bargain hunting:

1. Check the back racks.

Shoppers tend to rummage through the front racks the most and fail to notice that the good stuff may be buried deep in the back racks. Unlike department stores, clothes are not sorted by style or color at thrift shops. There you can find unique fashion gems time and again.

2. Ask for discounts.

You can’t use vouchers at thrift shops, but you can haggle for discounts. The objective of thrift shops is to get rid of their inventories. That’s why many of them are willing to give reasonable discounts.

3. Check for damage.

Because the items sold at thrift shops are previously owned, you might find that some are not in the best condition. Make sure to check your items for damage or stains. If you are willing to fix the damage, then go ahead and make the purchase. If not, then try to find another item that catches your fancy.

4. Shop off-season.

Go shopping off-season if you want to get the best deals. Wait for people to get rid of their Christmas decors and go thrifting after the peak season to take advantage of better inventories and lower prices. There are a ton of Christmas items you can stock up on for the next season.

You Get Benefits for Helping the Needy

There are a lot of charitable organizations that run thrift shops. These benefit both bargain hunters and the beneficiaries of charities that run those thrift shops. That’s why, without probably knowing about it, you’re actually helping people in need when you shop at a thrift store.

If you want to extend more meaningful assistance to the needy, then call us at Goodwill Car Donations and donate whatever vehicle you no longer need.

Your charitable contribution will help us raise funds for the Goodwill organizations serving your area. This will help them sustain and even expand the critical programs and services they provide to the disadvantaged residents of your community. These include the men and women in your neighborhood who are saddled with disabilities, lack of education, experience, and skills, and other obstacles to having decent and stable jobs and a bright, promising future.

We will sell your donated vehicle through an auction, with the proceeds going to the concerned Goodwill organizations. These IRS-certified 501(c)3 nonprofits provide their beneficiaries with job training, employment and learning opportunities, livelihood assistance, and other critical community-building support services.

We accept nearly all vehicle types, even those that are no longer working.You’ll also benefit from your gift since this will entitle you to receive a substantial tax deduction in the next tax season. Moreover, we’ll provide you with our free towing service.

For more information about our vehicle donation program, feel free to check out our FAQs page. If you have questions, call us at 866-233-8586 or leave us a message here.

 

Win-Win Solutions for You

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Shopping at thrift stores and donating a car are both win-win solutions. The former is a smart and practical choice to save on money and help the needy while the latter helps you get rid of your unneeded clunker and allows you to support disadvantaged residents of your community at the same time. Don’t think twice about making a Goodwill vehicle donation. Call us at 866-233-8586 or fill out our online donation form today!

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5 Common Tax Deductions You Can Get for Your 2019 Taxes

Taxpayers throughout the country can only be expected to grab the chance to get tax deductions in a heartbeat. After all, who wouldn’t want to reduce their Adjusted Gross Income (AGI) on their income tax returns?

This year’s tax filing deadline has been pushed back for three months — from April 15 to July 15 — because of the novel coronavirus pandemic. This means that people have more time to work on their taxable income and tax write-offs for 2019.

How to Claim Tax Deductions

Tax deductions allow taxpayers to get the most out of their tax returns. However, most people get confused about the various types of tax deductions that they can claim.

Generally, there are two ways to claim tax deductions: Either you take the standard deduction or itemize deductions. You can’t do both. Some tax deductions can only be counted if you itemize your taxes. However,  you can no longer claim them if you opt for the standard deduction.

1. Standard deduction

The standard deduction is a flat-dollar, no-questions-asked reduction in your AGI. The amount you qualify for depends on your filing status.

For example, for 2019, if you’re single, your standard deduction is $12,200. If you’re married and filing jointly, your tax write-off is $24,400. If you’re married but filing separately, your tax cut is $12,200. If you’re the head of your household, the deduction is $18,350.

Taxpayers over age 65 or who are blind get a bigger standard deduction.

2. Itemized deductions

When you itemize your deductions, you cut your taxable income by taking any of the hundreds of available tax deductions you qualify for. The more you can deduct, the less you’ll pay in taxes.

When filing your tax return, the question is: Should you itemize or take the standard deduction?

If your standard deduction is less than the sum of your itemized deductions, you’ll likely save money if you itemize. However, if your standard deduction is more than the sum of your itemized deductions, your best option may be to take the standard deduction.

What Are the Most Common Tax Deductions You Can Itemize for Your 2019 Taxes?

If you’re not exactly sure about what qualifies as tax deductions that you can itemize, we’ve compiled the most common tax deductions for 2019 taxes.

1. Charitable contributions

If you’re someone who champions and supports a cause, then giving to charities is probably not a new thing to you. Perhaps you’re also aware that the value of your donation can be deducted from your taxable income if you’re making a charitable contribution to an IRS-determined 501(c)3 nonprofit organizations. Although certain changes were made in the guidelines for charitable contributions, U.S. taxpayers can still claim their tax deductions for as much as 60 percent of their adjusted gross income.

2. Medical expenses

People who have insurance may still have to pay for some medical or dental expenses out of their own pockets. These include doctor’s fees, hospital care, rehabilitation, and payments for certain medications and prescriptions such as insulin, eyeglasses, hearing aids, crutches or wheelchairs. However, medical and dental expenses may only qualify as tax deductions if they amount to more than 7.5 percent of your annual gross income.

3. Student loan interest

While paying your student loans can be daunting, you can get something out of it. The interest rate you pay for your loan can be considered tax-deductible. Most taxpayers can claim it as an itemized deduction while others may opt to claim it as an adjustment to their tuition. While this may be considered as an itemized deduction, taxpayers can also opt to claim it as an adjustment to their income.

4. Property taxes

If you own a land, car, watercraft or aircraft, you can take advantage of tax deductions from the property tax you pay for. This deduction falls under the SALT or state and local taxes deduction. However, property owners are only allowed to claim as much as $10,000 deduction for the taxes they paid for their property.  

5. Health Savings Account contribution

Those who are making contributions to their Health Savings Account (HSA) can claim a tax deduction based on the payments they made in the previous year. However, this doesn’t apply to those whose employers are the ones who have been paying for their HSA.

Donate a Vehicle and Get a Top Tax Deduction!

If you have a vehicle that you want to dispose of, consider donating it to Goodwill Car Donations. When you do so, you’ll entitle yourself to a top tax deduction in the next tax season while you help the disadvantaged members of your community.

We’ll auction off your donated vehicle and use the proceeds to fund the programs and services of the Goodwill organizations in your local area. These are IRS-approved 501(c)3 nonprofits that provide deserving less fortunate individuals with job training, employment and learning opportunities, livelihood assistance, and other critical community-building support services. These are all meant to equip and empower them so they can take care of themselves and their families as well.

We’ll pick up and tow your vehicle for free. What’s more, you can count on us to provide you with a quick and satisfying donation experience from start to finish.

We accept almost all types of vehicles, including those that need a lot of work.

If you need more information about how everything works in our donation process or about your benefits as a donor, visit our FAQs page. For your questions and concerns, call us at 866-233-8586 or leave us a message online.

Do Something Awesome Today

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The best thing about donating a car to Goodwill Car Donations is that you get to make a massive impact in your community. Support a worthy cause today! Call us at 866-233-8586 or fill out our online donation form now!

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5 Common Tax Deductions You Can Get for Your 2019 Taxes – What You Need to Know about Tax Deductions

Taxpayers throughout the country can only be expected to grab the chance to get tax deductions in a heartbeat. After all, who wouldn’t want to reduce their Adjusted Gross Income (AGI) on their income tax returns?

This year’s tax filing deadline has been pushed back for three months — from April 15 to July 15 — because of the novel coronavirus pandemic. This means that people have more time to work on their taxable income and tax write-offs for 2019.

How to Claim Tax Deductions

Tax deductions allow taxpayers to get the most out of their tax returns. However, most people get confused about the various types of tax deductions that they can claim.

Generally, there are two ways to claim tax deductions: Either you take the standard deduction or itemize deductions. You can’t do both. Some tax deductions can only be counted if you itemize your taxes. However,  you can no longer claim them if you opt for the standard deduction.

1. Standard deduction

The standard deduction is a flat-dollar, no-questions-asked reduction in your AGI. The amount you qualify for depends on your filing status.

For example, for 2019, if you’re single, your standard deduction is $12,200. If you’re married and filing jointly, your tax write-off is $24,400. If you’re married but filing separately, your tax cut is $12,200. If you’re the head of your household, the deduction is $18,350.

Taxpayers over age 65 or who are blind get a bigger standard deduction.

2. Itemized deductions

When you itemize your deductions, you cut your taxable income by taking any of the hundreds of available tax deductions you qualify for. The more you can deduct, the less you’ll pay in taxes.

When filing your tax return, the question is: Should you itemize or take the standard deduction?

If your standard deduction is less than the sum of your itemized deductions, you’ll likely save money if you itemize. However, if your standard deduction is more than the sum of your itemized deductions, your best option may be to take the standard deduction.

What Are the Most Common Tax Deductions You Can Itemize for Your 2019 Taxes?

If you’re not exactly sure about what qualifies as tax deductions that you can itemize, we’ve compiled the most common tax deductions for 2019 taxes.

1. Charitable contributions

If you’re someone who champions and supports a cause, then giving to charities is probably not a new thing to you. Perhaps you’re also aware that the value of your donation can be deducted from your taxable income if you’re making a charitable contribution to an IRS-determined 501(c)3 nonprofit organizations. Although certain changes were made in the guidelines for charitable contributions, U.S. taxpayers can still claim their tax deductions for as much as 60 percent of their adjusted gross income.

2. Medical expenses

People who have insurance may still have to pay for some medical or dental expenses out of their own pockets. These include doctor’s fees, hospital care, rehabilitation, and payments for certain medications and prescriptions such as insulin, eyeglasses, hearing aids, crutches or wheelchairs. However, medical and dental expenses may only qualify as tax deductions if they amount to more than 7.5 percent of your annual gross income.

3. Student loan interest

While paying your student loans can be daunting, you can get something out of it. The interest rate you pay for your loan can be considered tax-deductible. Most taxpayers can claim it as an itemized deduction while others may opt to claim it as an adjustment to their tuition. While this may be considered as an itemized deduction, taxpayers can also opt to claim it as an adjustment to their income.

4. Property taxes

If you own a land, car, watercraft or aircraft, you can take advantage of tax deductions from the property tax you pay for. This deduction falls under the SALT or state and local taxes deduction. However, property owners are only allowed to claim as much as $10,000 deduction for the taxes they paid for their property.  

5. Health Savings Account contribution

Those who are making contributions to their Health Savings Account (HSA) can claim a tax deduction based on the payments they made in the previous year. However, this doesn’t apply to those whose employers are the ones who have been paying for their HSA.

Donate a Vehicle and Get a Top Tax Deduction!

If you have a vehicle that you want to dispose of, consider donating it to Goodwill Car Donations. When you do so, you’ll entitle yourself to a top tax deduction in the next tax season while you help the disadvantaged members of your community.

We’ll auction off your donated vehicle and use the proceeds to fund the programs and services of the Goodwill organizations in your local area. These are IRS-approved 501(c)3 nonprofits that provide deserving less fortunate individuals with job training, employment and learning opportunities, livelihood assistance, and other critical community-building support services. These are all meant to equip and empower them so they can take care of themselves and their families as well.

We’ll pick up and tow your vehicle for free. What’s more, you can count on us to provide you with a quick and satisfying donation experience from start to finish.

We accept almost all types of vehicles, including those that need a lot of work.

If you need more information about how everything works in our donation process or about your benefits as a donor, visit our FAQs page. For your questions and concerns, call us at 866-233-8586 or leave us a message online.

Do Something Awesome Today

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The best thing about donating a car to Goodwill Car Donations is that you get to make a massive impact in your community. Support a worthy cause today! Call us at 866-233-8586 or fill out our online donation form now!

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Here’s Our Safe Way of Making a Charitable Vehicle Donation in the New Normal

As the Covid-19 pandemic rages on, your less fortunate neighbors need help more than ever. Life was already hard for them even before the novel coronavirus broke out in China in December last year. Since then, the contagious respiratory disease has spread in nearly all parts of the world, killing hundreds of thousands of people, with the United States having the most number of cases and deaths.

Now, life just got a lot tougher for the men and women in your community who are burdened with disabilities, lack of education, and other barriers to a poverty-free life.

If you’re one of the lucky ones who have not been badly affected by the virus and its devastating economic results, including massive job losses, it would help a lot if you could reach out to those who badly need assistance. You can do that by simply donating a vehicle you no longer need to us at Goodwill Car Donations.

When you donate your extra vehicle to us, we will put it up for auction and turn over the proceeds to the local Goodwill organizations serving your area.

These IRS-approved 501(c)3 nonprofits cater to disadvantaged individuals, providing them with job and skills training, career opportunities, vocational and educational services, financial support, livelihood assistance, and other critical community-building support services.

All these services are meant to equip them with the tools that will enable them to break free from the clutches of poverty and live productive and meaningful lives. You can help bring this about with a simple car donation to us at Goodwill Car Donations.

Our Convenient and Contactless Donation Process

Since people are concerned with their safety during these trying times, we have taken all the necessary steps to protect our donors. We would like to assure you that you can donate to us without leaving the comfort of your home and without getting in contact physically with the professional towing crew whom we will send to pick up your donation.

As always, we can guarantee you a smooth, straightforward, and convenient donation process. It consists of just three simple steps:

1. Talk to us.

Fill out our online donation form or call us at 866-233-8586 to get your donation process started. Tell us some details about the car you want to donate.

2. Schedule your car’s free and contactless pickup.

If you started your donation online, we’ll call you back to verify the information you shared with us and to ask you when and where you want us to pick up your vehicle. It doesn’t matter if your car is in a location outside your home; we’ll still be able to get it. If you’re worried about the towing cost, don’t be since the towing fee is on us.

If you want to avoid physical contact with our towing crew, that’s fine with us. Just let us know about this beforehand and leave your car’s title and keys inside the vehicle. Let us know also where we can place your towing receipt after we pick up your donation. You can retrieve the receipt later on after the towing crew leaves with your vehicle. You’ll need this receipt to cancel your vehicle’s insurance coverage and its DMV registration.

3. Receive your tax-deductible receipt.

Within 30 days following the sale of your vehicle, expect to receive your 100-percent tax-deductible sales receipt. Again, there’s no need for you to make any physical contact with our staff in getting this receipt. All you have to do is wait for it in your mailbox or email address. With this receipt, you can claim your tax deduction when you file your itemized federal income tax return in the next tax season.

For more information about our vehicle donation program, feel free to check out our FAQs page. If you have questions, call us at 866-233-8586 or leave us a message here.

The Rewards that Await You

When you make your contactless Goodwill vehicle donation, it’s not only the disadvantaged people in your community whom you’ll be helping but yourself as well! Your charitable contribution will entitle you to a boatload of benefits. Here are some of them:

• Get a maximized tax deduction based on the final selling price of your vehicle at auction.
• Get rid of an old and unwanted car without paying a single dime.
• You decide on the date, time, and place you prefer for the towing of your vehicle.
• You can finally save up since you no longer have to spend money on your car’s maintenance, repairs, insurance, and registration.
• You don’t have to waste your time and effort in looking for potential buyers.
• You don’t need to stress yourself over paperwork.
• You free up space in your garage or driveway.

The Types of Vehicles You Can Donate

At Goodwill Car Donations, we accept almost all types of vehicles, including those that no longer run. Whether they’re made for land, water, or air travel, we’ll be happy to have them with us.

Check out the list below to have an idea of the vehicle types that you can donate to us:

• Common vehicles: cars, SUVs, trucks, vans
• Motorcycles: dirt bikes, scooters, sports bikes, mopeds
• Recreational vehicles: RVs, motorhomes, campers, travel trailers, pop-up trailers
• Specialty vehicles: motorized wheelchairs, snowmobiles, golf carts, ATVs, riding lawnmowers
• Watercraft: catamaran boats, motorboats, jet skis, pontoon boats, yachts
• Aircraft: private planes, jet planes, helicopters
• Planning to donate an old sedan and your family’s RV at the same time? Why not? We love multiple donations!

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They Need Your Help Now More Than Ever

Help us provide hope and relief to the struggling disadvantaged people in your area during these troubled times. Support a worthy cause by simply donating your clapped-out vehicle. Call us at 866-233-8586 or fill out our online donation form now!

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What You Need to Know About the 2019 Tax Deadline

With the novel coronavirus pandemic continuing to spread like wildfire worldwide — with the United States now as the country with the highest number of cases — many governments have imposed lockdowns or stay-at-home restrictions on their citizens to stop the spread of the deadly respiratory disease that still has no known cure.

As part of the emergency relief plan for Americans, the Trump administration has decided to delay the April 15 tax deadline for most individual taxpayers as well as small businesses. U.S. taxpayers now have until July 15 to file their tax returns.

This means that taxpayers have an extra three months to prepare their tax returns while they’re home quarantined. When the pandemic hopefully slows down by July, the people will have a much easier time in filing their tax returns and paying their taxes.

What You Need to Know About the New Tax Deadline

While the tax delay is a relief for many taxpayers, others have raised questions and concerns. A few days after the announcement of the new tax filing deadline, the IRS released a new set of guidelines to answer people’s questions. Here is what you need to know about the new tax deadline:

• The new tax deadline applies to all.

One of the concerns aired by some is whether the new tax deadline will apply only to individuals and businesses adversely affected by the pandemic. In response, the IRS states that you don’t have to be ill to qualify for the tax deadline, underscoring that it applies to all business and individual taxpayers.

• No special form is needed to be filled out for the new tax deadline.

No special form is needed to be filled out when filing tax returns on or before the new tax deadline. The only difference is that the deadline for filing tax returns and making payments has been extended for three months. You won’t also incur any penalties as long as you pay on time (on or before July 15^th).

• Guidelines for state taxes will vary by state.

Many taxpayers have also raised concerns about their state tax deadlines. In response, the IRS explains that the extended tax deadline only applies to federal taxes and that the guidelines for payment of state taxes vary by state. Many states have already pushed their deadlines to July 15. To be sure about your state’s tax deadline, ask your state’s tax authority for details.

• People who already filed their taxes before the announcement of the extension will still have their payments received by the IRS by April 15^th.

For those who already filed their tax returns and scheduled their tax payment for April 15^th, the IRS will still accept the payments by that date. However, taxpayers have the option to reschedule or cancel their payments.

• Some taxes do not qualify for the new July 15 deadline.

Certain taxes such as excise taxes, estate, gift taxes, and payroll taxes will still have to be paid before the April 15^th deadline. Likewise, other taxes that didn’t have an April 15^th deadline won’t qualify for the new tax deadline.

Provide Much-Needed Aid for the Needy with Your Clunker

With the coronavirus contagion gripping the country and victimizing the most vulnerable sectors of society — the poor and disadvantaged people in communities throughout the country — extending a helping hand to them will surely ease their suffering and bring great relief. You can easily provide them the light at the end of the tunnel by donating your extra vehicle to us at Goodwill Car Donations.

We will auction off your donated vehicle and turn over the proceeds to the Goodwill organizations in your local area. These IRS-approved 501(c)3 nonprofits use the money to provide disadvantaged individuals with job training, employment and learning opportunities, livelihood assistance, and other critical community-building support services. These are all meant to equip them with the tools that will enable them to improve their living conditions.

We’ll pick up and tow your vehicle for free. We accept almost all types of vehicles, including those that need a lot of work.

Your donation will also entitle you to receive a maximized tax write-off in the next tax season.

For more information on our vehicle donation program, visit our FAQs page. If you have questions and concerns, we’ll be glad to answer them if you call us at 866-233-8586 or contact us online.

Instill Hopes in Hearts of the Disadvantaged Today

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Your rusty vehicle may not mean so much to you now, but for the disadvantaged residents of your community, it means the whole world. Through your generous donation, you would be able to instill hope in their hearts. Call us at 866-233-8586 or fill out our online donation form to kick-start your car donation process today!

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5 Benefits of Filing Your Taxes Ahead of Time

April 15^th is just another ordinary day for people in other parts of the world. However, for American taxpayers, it’s their last day for filing their income taxes. The entire process can be tedious and daunting, which is why it’s not shocking to find out that many people wait until the 11^th hour to file their taxes. Although it can be tempting to delay the process, it’s better to do it earlier than to suffer the consequences later.

Did you know that according to tax professionals, filing your income taxes in advance can speed up your tax return process? Filing your taxes on the last day before the deadline forces you to request for an extension along with thousands of taxpayers filing on the same day as you. If you haven’t gotten your files ready yet, you might want to get them in order right now.

Why File Early?

Last year alone, almost 50 million people waited until the last minute to file their taxes. This resulted in delays in receiving their tax refunds.

If you’re one of those people who made that mistake last year, Goodwill Car Donations encourages you to make a change this year. Here are some of the reasons why it’s better to file earlier than to wait for the last day of income tax return filing:

1. It eliminates the pressure and stress of deadline filing.

With the number of paperwork to be filled out and deductions to file, it’s easy to get exhausted by the long process, causing you to delay filing your tax return. However, don’t you think it’s better to get an exhausting task over and done with as early as possible than to prolong your agony? By filing your tax return earlier, you’ll be doing yourself a favor by avoiding the stresses of deadline filing.

2. Speeds up the tax return process.

One of the greatest and most emphasized advantages of filing your taxes early is to speed up your tax return process. You can even make the process faster by filing it electronically since paper returns are processed longer.

3. Filing early leads to larger tax refunds.

Filing early means you have more time on your hands to study the details of your tax return, including all the deductions that you deserve to get. Rushing, on the other hand, can lead to missed opportunities like valuable deductions, which can reduce the tax refunds you were meant to receive. Furthermore, filing taxes way before the deadline also means receiving and enjoying your refunds earlier.

4. Avoid identity thieves.

The tax-filing season is one of the busiest days of the year for the IRS, taxpayers, and identity thieves. Stolen security numbers are used by these thieves to claim other people’s tax refunds if they haven’t filed for their tax returns yet.

By the time the rightful person claims their tax refund, the system would reject their request since the tax refund had already been claimed by the thieves. It’s best to file as soon as possible so that you can prevent identity thieves from taking advantage of your refunds.

Get Rid of an Unwanted Vehicle and Get a Tax Deduction!

Did you know that one of the best ways to reduce your taxable income is to donate your unneeded car to support a worthy cause? When you donate your extra vehicle to Goodwill Car Donations, you’ll give the disadvantaged members of your community a chance to live productive lives.

We’ll auction off your donation and use the proceeds to support the community-based programs and services of the Goodwill organizations in your area. These IRS-certified 501(c)3 nonprofits provide deserving persons with disabilities and other disadvantages with job training, employment opportunities, livelihood assistance, and other critical community-building support services.

You’ll also benefit from your own charitable contribution since you’ll have the opportunity to receive a healthy tax write-off in the next tax season. Moreover, we’ll provide you with our free towing service.

You can donate not just cars but nearly any other types of vehicles regardless of their condition.

For more information about our vehicle donation program, feel free to check out our FAQs page. If you have questions, call us at 866-233-8586 or leave us a message here.

 

Transform Lives Today!

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If you have an extra vehicle to spare, consider donating it to Goodwill Car Donations today. To get started, fill out our online donation form or call us at 866-233-8586 now!

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April 15 Is Tax-Filing Deadline This Year

As of January 27, the Internal Revenue Service (IRS) has started accepting tax returns for the 2019 tax season. The deadline is set for Wednesday, April 15. However, you may be able to get an extension past the due date if you need more time to gather additional filing information. The documents you’ll need will depend on your employment or income situation.

For W-2 employees—or those who are employed in a company or receive a salary through a payroll—you’ll need a Wage and Tax statement. You’ll need to have this from every employer you’ve had in 2019. Basically, this W-2 document shows how much you’ve earned for the year in the time you’ve spent with that employer (and how much was taken for tax purposes from your salary). Typically, this is given out by employers around the last week of January or the first few days of February.

Independent contractors or freelancers will need the 1099-MISC form. It’s essentially the same as the W-2.

If you still haven’t received anything from your employers by mid-February, you shouldn’t just wait it out. What you should do is contact your employer or their department responsible and request a copy. If they’re not able to do so for any reason or if you still haven’t received anything when February comes to a close, you can contact the IRS at 800-829-1040 to request for assistance

After you’ve filed your taxes, you should receive your tax refund more or less after 21 business days. If you still haven’t received notices by then, give it a short allowance of three to five more days before you try contacting the IRS to inquire.

‘It’s Almost the Deadline. What Do I Do?’

If for some reason you still don’t have the proper documents and the deadline is just around the corner, you still have a way out. Of course, you must use the correct documents and forms. But if they don’t seem like they’re arriving any time soon (or if they have faulty information), you should take an alternative option.

Form 4852 is pretty much a substitute for the W-2 and 1099 forms. You can use this to file your taxes if you don’t have the correct ones. You’ll basically give an estimate of your salary and the taxes withheld during the year it covers. However, there might be a delay in your tax refund because the IRS would still need to verify the information.

Think It’s Stressful Filing Taxes? There Are Those Who Have It Far Worse

Year after year, you head down to the IRS office to file your taxes. It can be pretty stressful at times, especially when some things don’t go your way and there are delays.

Still, you should be thankful because filing taxes just means you have a source of income. Others in your community, unfortunately, don’t. They are burdened with disabilities, lack education, don’t have homes, and struggle to find where they will get their next meal. These disadvantaged individuals are down in life’s gutter, and every day is a battle for survival.

Know that you can easily extend your support to these needy people. All you have to do is to donate a car you don’t use anymore to us at Goodwill Car Donations.

When you do so, you’ll be disposing of your unwanted clunker in the most convenient way possible. At the same time, you’ll be helping enhance the lives of the disadvantaged members of your community.

We’ll auction off your vehicle and invest the proceeds directly into the community-building programs of the Goodwill organizations in your area. Thus, the funding from the sale of your vehicle goes straight back into your community since we’ll use it to provide our beneficiaries in your area with job training and placement services, mentoring, career development, youth employment, disability benefits support, and other community-building support services.

Becoming our donor will entitle to receive a handsome tax deduction. We’ll also provide you with our free pick-up and towing service.

We accept nearly all vehicle types regardless of their age or condition.

For more information on our car donation program, check out our FAQs page. For inquiries, you may call us at 866-233-8586 or write to us online.

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Help Us Transform Lives

Be the hero that your community needs. Call us at 866-233-8586 or fill out our online donation form and help us transform lives with your car donation now!

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5 Reasons to Donate an Old Car on National Car Donation Month

It’s that most wonderful time of the year again! People decorate their homes with beautiful Christmas decors; friends and families exchange gifts, and kids excitedly await the arrival of Santa. Let’s not forget, however, the true essence of the holiday season: sharing happiness to the poor.

There are so many ways you can help out. You can do volunteer work, give away your old clothes to the poor, or offer meals to the homeless. And if you happen to own an old car that you no longer use, you might want to donate it to a charity that accepts such a donation. December is National Car Donation Month after all!

Since December is a season for charitable giving, it doesn’t come as a surprise that it was designated as the month for car donations. Americans are encouraged to donate their unneeded vehicles to nonprofits that support various charitable causes. To repay them for their generosity, donors are rewarded with hefty tax deductions, making it a jolly Christmas for everybody!

 

5 Reasons Why You Should Consider Donating Your Old Car to Charity

Unless you really need to sell your car for the money, donating it to charity sounds like the best way to get it off your hands. Think about it: When you donate, you don’t have to waste your time, energy, and money looking for a buyer. You don’t have to take your beater to the auto repair shop, which will surely cost you plenty of hard-earned cash. You’ll be doing yourself a big favor!

So why should you take part in National Car Donation Month? Here are five good reasons:

1. Receive a top tax deduction.

Through tax credit, you can get back the value of your donated vehicle after donating it since your donation is 100-percent tax-deductible. Just be sure that your chosen charity works with IRS-certified 501(c)3 nonprofit organizations or is a 501(c)3 nonprofit itself.

2. Get your vehicle towed at no cost.

In case you’re not aware, there are many online vehicle donation platforms that offer free vehicle removal. One of them is Goodwill Car Donations.

3. No documents to deal with.

Most, if not all, online vehicle donation platforms have teams of professionals handling paperwork-related tasks on behalf of their donors. If you’re like most people who have little patience when it comes to processing documents, then the services provided by a donor-friendly online donation platform will surely satisfy you.

4. Stop paying for costly fees.

With your car no longer in your possession, you can finally bid goodbye to the financial woes it has been giving you. You can now save the money that you would have otherwise spent to pay for your car’s repair, maintenance, registration, and insurance coverage.

5. You’ll support a cause that’s close to your heart.

Whether you’re making a charitable contribution for the benefit of disabled individuals or cancer patients, one thing is for certain: Your donation will play a significant role in improving their lives. That would be something you’d be proud of.

Do you Want to Make a Difference in Your Community?

Are you still on the hunt for an ideal vehicle donation platform that you can team up with on National Car Donation Month? Well, it looks like your search is over. We at Goodwill Car Donations will be more than glad to take your clunker!

We are committed to supporting individuals burdened with disabilities and other disadvantages that are preventing them from breaking free from poverty and gaining financial independence.

Through your donation, you’ll help us in providing them with life-enhancing services such as skills and job training, scholarships, youth employment, livelihood, disability benefits support, and other community-building support services. Thus, thanks to your donation, once idle individuals can be empowered to support themselves and their families and become productive members of your community and society.

Your car doesn’t have to be in good shape when you hand it over to us. Donating to us will only take a few minutes of your time. That’s the time you’ll spend in contacting us, which is the only task you’ll be doing. Our team will manage all your paperwork and coordinate with a local towing company to haul your vehicle away at no cost to you.

It might also interest you to know that we accept for a donation not just cars but other types of vehicles as well, including trucks, RVs, boats, Jet Skis, motorcycles, vans, golf carts, snowmobiles, and many others. We accept even worn-out vehicles that are hardly running.

For more information about our vehicle donation program, feel free to visit our FAQs page. Do you have any questions for us? Leave us a message online or talk to one of our donation specialists at 866-233-8586.

Make a Donation with Us Now!

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While you can donate to us anytime you wish, it’s extra special when you do it on National Car Donation Month. Plus, it might just be the best Christmas present you can give to the disadvantaged individuals and their families in your own community. Call us today at 866-233-8586 or fill out our online donation form right here on this page to get started with your vehicle donation now!