Used Car Donations in New Mexico? We appreciate you considering Salute Veterans Inc, a 501(c)(3) nonprofit charity with your gift. Donate a used vehicle, truck, R.V., sail boat, motorbike, or ATV. Donate and get a tax deduction while supporting Veteran Organization. We help make donating a used car to charity easier than ever before. Donate a Car Today!
Even if you have motorcycle with the engine broken, a busted transmission or some other issue causing it to not run, you can still donate the automobile to charity and get a sizable tax deduction. In practically any condition, we can come get your car, running or not. It gets better: your car donation can be picked up in New Mexico within a single day, and sometimes even the same day.
Our nonprofit charity has one main objective: helping those men and women who have helped us through their service in the military. That's why we work to raise funds to support our nations veterans! Trusting us with your vehicle is an honor, so we promise that your gift always supports those it was designed to support.
Used Car Donations in New Mexico - We offer great benefits like:
Most of the time, within thirty days from the transfer of your vehicle, we will send you a 1098-C form for the tax deduction you earned. If we sell your car for less than $500, your receipt is for the fair market value up to $500. If your car sells for more than $500, your receipt will be for the actual sales price.
As of January 1, 2005 the IRS has taken the guesswork out of determining the value of your vehicle for tax purposes. If your vehicle sells for less than $500 you can claim the fair market value of your vehicle up to $499. If your vehicle sells for more than $500 you can deduct the actual sale price of your vehicle. After the vehicle is sold you'll receive a receipt for the price the the vehicle is sold for. Also note a social security number is not required if your vehicle sells below $500.
In most cases you will receive a tax receipt within 45 days after your vehicle gets picked up.
It's not hard, but it's not automatic either. Your tax advisor can help you with the details in your state. For more detailed information about vehicle donation, including some state-by-state title information, see additional FAQ below or consult the following resources:
You can deduct the value of your vehicle only if you itemize deductions when filing your taxes. If you itemize your tax return you may deduct the sale value of your donated vehicle or the fair market value up to $500, whichever is greater. A receipt indicating the sale price and date will be sent to you within 30 days from the date of pick up. For more information, please visit the following link and refer to the documents listed below:
Most vehicles are sold at live auctions to licensed dealers, recyclers and exporters from around the world. This competitive marketplace of buyers generates the greatest return for the charity while ensuring that your vehicle is sold in an efficient, environmentally friendly and legally compliant manner.
Every donated vehicle can bring money for its parts, components and recyclable metal. It may not seem valuable to you, but there's someone out there ready to buy it. And that money will go to support veterans!
Anything at all. Cars, trucks, motorcycles. Vehicles with damage, broken components, missing parts. Snowmobiles, boats, and farm equipment, too. Every vehicle has value.