If decluttering expert Marie Kondo could only talk to you, she’d probably tell you that your old beat-up car that is collecting dust in your garage for years no longer “sparks joy.”
Donating a dilapidated car to a charity should be part of your spring cleaning checklist. Remember, maintaining a tidy home is much easier if there is no junk eating up space and requiring you to do regular wiping and dusting.
Aside from decluttering your garage, donating your car to a reputable charity has other surprising benefits.
You don’t have to spend to get rid of your beat-up car. Many charities can tow donated vehicles away for free, although the cost of towing will reduce your tax deduction.
Enjoy tax deduction. But to make sure that you get a healthy tax write-off, get a written notice from the charity if your car cost more than $500, or get an independent appraisal and the charity’s certification if it is worth more than $5000.
Also, keep in mind that if your vehicle costs more than $500, you will need to file IRS Form 8283 and attach your return.
You can get rid of a car that doesn’t have a title. In most cases, it is illegal to sell a vehicle or transfer ownership without a title. However, this is not an issue if you are going to donate it to a charity.
By donating a beat-up car that has a missing title, you can avoid the cost of applying for a replacement copy and get rid of it without having to pay for a towing company.
There is joy in purging yourself of unnecessary stuff that other people will find useful–just go ask Marie Kondo’s fans. Your “junk” can help charities deliver meals to the homeless, take sick people to doctors, and raise money to support poor students.
Things to Keep in Mind
To make sure that you reap the benefits of “giving,” do your due diligence before donating your junk car.