Car Donation In Tennessee, TN
What You Need To Know
If you want to help out charity in Tennessee, car donation is one option that you have.
Whether you have a new car or an old truck that you’re willing to part with you can help both yourself and a good cause if you follow all the proper rules.
Below you will find all the information you need if you are thinking about making a car donation in Tennessee. You will also find links to the Tennessee Government website where appropriate.
1. Where Can You Donate Cars In Tennessee?
With all of the charity car auctions
and private vehicle donation programs
it might seem like a cinch to find a place to donate your vehicle in Tennessee
Firstly, you have to make sure that you are donating your car to an acceptable 501(c)(3) qualifying charity, otherwise you may not be able to claim your donation as a tax deduction.
How To Find a Charity
For a good list of charities, check out www.bbb.org and charitynavigator.org, both of which have a comprehensive list of charities in Tennessee. You should be able to source a number of good causes in all the main towns, locations and cities in Tennessee.
- Jefferson City
- Oak Ridge
- Pigeon Forge
Once you know who you’re giving your donation to, simply contact that charity and ask where in Tennessee state you can take your donation to drop it off.
You are not limited to where your make auto donations in the United States. It could be, therefore, that your preferred charity is located out-of-state or indeed, due to your location near a state border, a charity in a neighboring state may be more convenient.
2. How To Release Liability Of Your Vehicle?
Before you hand over your donation car
you have to make sure that you can transfer not just the physical ownership of the vehicle but also the legal liability for any accidents or injuries that the vehicle is involved with.
The easiest way to hand over ownership in all senses is to transfer the vehicle title to the charity, ensuring that the charity is listed as the new owner of the vehicle.
Duplicate Vehicle Titles
If you need to get a new title for your vehicle before donating it you need to contact the Tennessee Department of Revenue. You will need to download and complete a Duplicate Title Request Form.
This must be filed in person or by mail through the Taxpayer and Vehicle Services Division of the Tennessee Government office as follows:
Tennessee Department of Revenue
Taxpayer and Vehicle Services Division
44 Vantage Way, Suite 160
Nashville, TN 37243-8050
There is also an administration fee to pay and you can find more detailed information on obtaining duplicate vehicle titles in Tennesseeon the government’s website.
3. What Documents Are Required To Donate?
Whether you donate an old car
or a newer one, you need to have the right paperwork in hand before you can just hand it over to a charity.
In Tennessee that means you need to have the title to your donation, unless you are donating a boat.
The title proves that you are the owner and that you have the legal right to donate the item, and it provides a handy method of transferring ownership. All you have to do is sign the paper, fill in the charity as the new owner, and then you can hand over the title and the keys.
For questions about title transfer and liability, contact the Tennessee Department of Revenue -Motor Vehicle Commission listed above. We also recommend the dmv.org website where you will find more information about vehicle and titling in Tennessee.
4.What Can You Donate In Tennessee, TN?
When discussing vehicle donation
in Tennessee it’s important to remember that cars are just the tip of the iceberg.
If you have a car, truck (see truck donation), RV (see RV donation) or SUV that’s a good donation, but you can also donate boats, trailers, all-terrain vehicles, off-road vehicles, tractors, mopeds, motorcycles, planes or any other sort of vehicle that you can think of.
Talk To Your Charity
Many programs don’t even require that the vehicle be in working order for you to donate. If you’re ever unsure about your donation, just call the charity and ask if they’ll accept your vehicle.
5. How To Maximize Your Charity’s Donation?
When donating a car for charity
you need to keep in mind that how you donate your vehicle will reflect on how much money the charity earns for it.
Drop It Off
For instance, if you drop the vehicle off rather than allowing the charity to pick it up then you’ve saved the charity the cost of a tow.
If you clean the vehicle and make any material improvements (improvements that increase the value of the vehicle) then you have made sure that the charity has a better vehicle to donate, and thus one that will net a bigger profit.
Ensure Retail Prices
Also, if you really want to ensure that the charity earns as much money from your donation as possible then you need to work with a charity that sells its own vehicles at a retail price. Charities working with ‘for-profit’ agents or that sell at wholesale prices will make less of a profit.
6. How To Maximize Your IRS Tax Reduction?
When you donate a car for tax deduction
purposes you need to keep in mind there are lots of little ways you can make the most profit.
For instance, some donation programs will give you a partial cash payment as well as a tax deduction when the vehicle is sold. You still have to declare the money on your taxes, but it is more than just a deduction. This is most commonly offered for more expensive cars, trucks and boats.
Can You Claim Fair Market Value?
Also if you find a charity that will use your vehicle for a significant period of time before sale (for its own charitable purposes), who will give your vehicle away for free or who will sell your deduction at a price lower than fair market value (to a needy individual) you are allowed to claim the fair market value of the vehicle on the date you donated.
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