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Auto Removal/Donation in Austin If you have a car that you want to get rid of, you have two options; one is to donate it to charitable organizations or call up hauling contractors who will tow it away to their junk yard. ; If you want to simply remove your vehicle from your possession, you can find a number of hauling contractors in Austin who will tow your car to a junkyard for a fee. Generally speaking, vehicles must be cleaned out and any trash removed before being hauled off. If you are thinking of calling up one of them in Austin, make sure that the ‘title forms’ of your car are with you, since they would insist on them. Just in case you don’t have the title, you can get in touch with the VT Department of Motor Vehicles for an ‘Application for Duplicate Title’ form. And in case you have found an abandoned car and want to recycle the vehicle, which does not belong to you, then you are needed to submit a ‘Request for Abandoned Vehicle Certification’ form. The other thing that you can do with your unwanted car is to donate it to a charitable organization. Car donation comes with a number of benefits. You need not, for instance, haggle with a dealer over the trade-in value of the car. The entire process is easy and you actually end up feeling good about helping a cause. Most of these charities would also pick up your car and tow them away at no extra cost. The biggest benefit that you stand to gain is in the form of tax deductions. You can find a number of non-profits in Austin, to whom you can donate your car.
Before you donate your car to a non-profit organization in Austin , make sure that there are registered under 501©. They are supposed to be under government laws. A car donation to such an organization will be a deduction on your gross taxable income. Moreover there is a new law which came into effect from January 1, 2005 from the Internal Revenue Service, which has taken the guesswork out of determining the market value of your car. You have to fill out a new form 1098, which is available just for donating old cars. Generally speaking, the IRS allows you to claim a tax deduction of either the value of your vehicle up to $ 500 or the amount your car is sold for, if it is more than $500. Back to Transportation Services Main Page What do you think? Our goal is to get more and better information out to Austin residents everyday. We can't improve without your help....Please let us know what you like, dislike and what we could be doing better. Email at feedback@austinsmartconsumer.com
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Tip ! Consult your tax advisor for a detailed discussion on the tax benefits you stand to gain from your car donation. Privacy / Legal + Disclaimer