Lions Club Car Donations
Make a roaring difference with Lions Club Car Donations.
Are you planning to donate your car? You can help you community and get a great tax break deduction at the same time if you donate your vehicle to Lions Club Car Donations program.
The Mission of the Lions Club Car Donations program is to provide the community, to help the less fortunate and raise funds for financing their charitable plans and programs.
100 % net of Lions Club Car Donations program’s proceeds go back into assisting the local community; they are one of the largest and well known companies which generate more chartable funds than any other program.
The secret of the success of the Lions Club Car Donations program’s is that the company will pick-up and sell all donated vehicles themselves, and so the donor of the vehicle will get a first-rate tax deduction, the community will benefit for more beneficial programs, and so everybody will benefit from this type of charitable transaction.
However, as of January 1st, 2005, the IRS has changed vehicle donation deduction rules. Previously you were able to deduct the fair market value of the vehicle, but that is no longer possible. You are now able to deduct only the amount the charity received for your car when it sold, however, the Lions Club Car Donations Program is different.
It should also be noted that the exception to the rule of the IRS regarding vehicle deduction rules is that you can still deduct the fair market value of your vehicle if the Charity repairs and materially improves the vehicle, and that is exactly what Lions Club Car Donations Programs does.
All vehicles donated to Lions Club are taken to a Chantilly, VA donation processing center where the necessary maintenance and repair is made to your vehicle and accessed for a donation sale. A fresh Virginia state inspection will be given to your car and then your vehicle will be sold as a used vehicle. Some vehicle donors for charitable purposes have themselves purchased used donated and repaired Lions Club Cars.
Author: L. Kaylen, Car Donation & Deduction Service Reviews
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