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Showing posts from February, 2025

How to Donate a Company Vehicle and Claim Business Tax Benefits

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Donating a company vehicle to charity is not only a generous way for businesses to give back, but it can also provide valuable tax benefits . Whether you're upgrading your fleet or simply looking to offload an old vehicle, donating a company vehicle can help support a cause while potentially reducing your business's taxable income. In this guide, we’ll explain how businesses can donate a vehicle to charity , the process involved, and the tax benefits you can claim when donating a company vehicle. (Curious about how donating a vehicle can help veterans? Read: Donating a Vehicle for Veterans: How Your Gift Supports Those Who Served ) 🚗 1. Why Donate a Company Vehicle to Charity? For businesses, donating a company vehicle to charity offers several advantages , both for the company and the community. Instead of selling an old vehicle or letting it sit idle, donating it helps others and provides your company with a positive image as a socially responsible organization. Key Reas...

Can You Donate a Car That’s Been in an Accident? Here’s What You Need to Know

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  If your car has been in an accident , you may be wondering: Can I still donate it to charity? The short answer is yes! Many charities accept vehicles regardless of condition , including those that are damaged, wrecked, or even totaled . Even if your car no longer runs , it can still provide value—whether through resale, salvageable parts, or scrap metal. However, there are a few key things to consider before donating a car that’s been in an accident. This guide explains how to donate a damaged or totaled car , what charities do with accident vehicles , and how to maximize your donation’s impact . (Looking for general donation steps? Read: What Documents Do You Need to Donate a Car? A Complete Checklist ) 🚗 Step 1: Assess the Condition of Your Car Not all accident-damaged cars are the same. Some have minor damage , while others are completely totaled . The condition of your vehicle affects how a charity can use it . Types of Accident-Damaged Cars That Can Be Donated: ✔ Minor Da...