A car can provide shelter and a way to work. Donated used cars, given directly to people who need one to live in and to get to work. Free and clear, titled in their name. No loan to lose. And you, the donor, choose who gets your car.
When people first lose their home, many hold on to the one thing they have left: the car. It is a bed, a locker and the way to work. So they keep paying the car loan. Then one payment is missed, the car is repossessed, and they are on the street with nothing. The spiral is fast.
A car that is owned outright cannot be taken for a missed payment. That is the whole idea.
When a charity sells a donated car, the donor can usually deduct only what it sold for. When the charity gives the car directly to a person in need, as this program does, the donor may be able to deduct the car’s fair market value. The Foundation reports this to you on IRS Form 1098-C. See IRS Publication 4303, and check with your tax adviser.
Screened and approved by the Foundation. First name and state only; everything else stays private. No car is promised to anyone until the final checks are passed and the car is handed over.
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“I lost my warehouse job when the plant closed and then my apartment. I have a job offer 22 miles away on the early shift, and no bus runs then. A car would get me to work and give me a safe place to sleep until my first paychecks cover a deposit.”
✓ Passed screening ✓ Approved by the Foundation Background check, drug test and proof of insurance before handover
Please give a phone number or an email so we can reach you. Need help? Call 732-995-3914.
Say your 2012 Honda Civic has a private-party guide value of $4,500.
| Given through the Foundation to a person in need | Sold at auction by a charity | |
|---|---|---|
| Car sells for | Not sold. Given free and clear. | $1,200 (example) |
| Your deduction | Up to $4,500, the fair market value | $1,200, only what it sold for |
| Tax saved at a 22% bracket | about $990 | about $264 |
An example only. The deduction helps only if you itemize, and your own figures depend on your tax situation. Over $500 you will receive IRS Form 1098-C from the Foundation; over $5,000 you generally need a qualified appraisal. See IRS Publication 4303 and ask your tax adviser.