Car Donation In Nevada, NV
What You Need To Know
When you donate your car in Nevada it’s important that you follow all of the rules and regulations that the state requires.
This is especially true if you want your charity to be able to complete the car selling process, and if you intend on claiming your car donation tax deduction.
We have provided all the information you require therefore, in order to safely make your car donation in Nevada.
You will also find links to the appropriate sections of the Nevada Motor Vehicle Department to help you.
1. How To Maximize Your IRS Tax Reduction?
When you donate a car to charity you are able to claim a car donation tax deduction when it the time comes for you to pay your taxes at the end of the year.
Normally the way this process works is that you will donate your car to a charity, and the charity will then sell your car as quickly as it can at auction. Normally, the selling price is lower than the car’s actual market value.
Once the car is sold the charity sends you an official note with the amount of the gross proceeds of the sale, and you are then allowed to claim that amount as your deduction.
Claiming The Fair Market Value
However, if you find a charity that will use your vehicle donation for an extended and significant period of time, or who will give it away/sell at a price far below fair market value to a needy person in furtherance of the charity’s goals, you may then claim the fair market value of the vehicle on the date you donated it.
This is the best outcome you can expect as a vehicle donor, although finding a charity in Nevada that operates like this may be more challenging.
2. Where Can You Donate In Nevada?
There are a large number of options for donating your vehicle to charity in Nevada.
However, not just any vehicle donation program or charity car auction will do. You need to find an acceptable, 501(c)(3) charitable organization.
Fortunately there is a list of these organizations that’s been compiled by the Better Business Bureau www.bbb.org/us/ and www.charitynavigator.org. You will be able to find long list of qualifying charities in all the main towns and cities in Nevada.
- Boulder City
- Carson City
- Lake Tahoe
- Las Vegas
After you find a charity that you want to donate to, simply call them and ask where in Nevada you can drop off your vehicle donation.
Car Donations In Nearby States
If you live near the state border, it may well be more convenient making your donation in a nearby state.
3. What Can You Donate In Nevada, Nv.?
While car donation is par for the course when giving vehicles to charity, cars, trucks and sport utility vehicles aren’t the only things you can donate.
For example, in addition to these you may also donate motorcycles, mopeds, snowmobiles, boats, trailers, recreational vehicles, all-terrain vehicles, off-road vehicles and any other legal to own and use vehicle.
If you have something unusual, whether it’s a bulldozer or a farm tractor, that you’re not sure will be accepted simply call your charity and ask if they’ll take it.
4. What Documents Do You Need?
When you donate a car to charity in Nevada you need to have the title to that car.
There are some exceptions to this rule, since you don’t need a title to donate a snowmobile and it is at the owner’s discretion whether or not you need a title for a moped in Nevada.
However, for all other types of vehicle donations, you need to have a title.
Replacement & Duplicate Titles
If you don’t have a title to the vehicle, or if your title is old and difficult to read, then you should acquire a replacement.
You will need to download and complete Form VP-012, Application For Duplicate Vehicle Title. If there is a lien or loan on the vehicle you must contact the lien-holder. If the last title was issued in Nevada, then the lien-holder must complete a lien release on Form VP-186. All the information you need about vehicle titles in Nevada is available on the Nevada DMV website.
If you prefer to attend in person or speak to someone over the phone, all the addresses and phone numbers of local Nevada DMV branch offices are also available online.
Other Nevada DMV Departments
If you require information on Nevada vehicle licensing or what to do with your Nevada license plates on donating or selling your vehicle, please visit the DMV website.
5. How To Release Your Vehicle Liability?
When you make a vehicle donation in Nevada you also need to release yourself from liability, because if you don’t then all accidents, damages or injuries involving your vehicle could theoretically and legally be your fault.
In order to release your liability you have to transfer the title of the vehicle to the charity.
Simply fill out the transfer of title, writing in the charity as the new owner. You should be able to get all the information you need from the Nevada DMV website quoted above. We also recommend you look at the very informative dmv.org website for Nevada vehicle transfers.
Additionally, you need to remove your license plates from the vehicle and either place them on another vehicle or return them to the Nevada Motor Vehicle Department within 30 days of your donation.
6. How To Maximize Your Charity’s Donation?
If you donate a car to charity you are placing a significant resource at the disposal of that organization.
However, you should make certain preparations before donating your vehicle to be sure that the charity can get as much for your donation as possible.
Present Your Vehicle At Its Best
First of all, do all the necessary cleaning and maintenance that you can so that the charity doesn’t have to expend time or money to get it done.
Pay special attention to all material improvements, which are improvements that increase the value of the vehicle, since they will increase the price that a charity can get for your donation (and hence your tax deduction).
Also, drop your vehicle off at the charity yourself. If the charity offers free vehicle pick-up that’s just one more price that the charity will have to cover before the donation is sold and a profit realized.
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