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., motorboat, motorbike, or ATV. Donate and receive a tax deduction while supporting veteran charities. We help make donating a used car to charity easier than ever. Donate a Car Today!
Used Car Donations in New Mexico – We offer great benefits like:
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Even though you have an automobile with the engine blown, a busted tranny or some other issue leading to it to not run, you can still donate the vehicle to charity and get a sizable tax deduction. In virtually any condition, we can pick up your car, running or not. It gets better: your car donation can be picked up in New Mexico within a single day, and in some cases even the same day.
Most of the time, within 30 days from the transfer of a car, we will send you a 1098-C form for the tax deduction you earned. If we sell your vehicle for under $500, your receipt is for the fair market value up to $500. If your vehicle sells for more than $500, your receipt will be for the actual sales price.
Our nonprofit organization has one major mission: helping those 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 a great honor, so we promise that your gift always helps those it was meant to support.
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: http://www.irs.gov/charities
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
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We make donating a vehicle easy and efficient, which means you make a long-term difference in the lives of veterans. Thank you New Mexico! Donate today!
Used car donations, truck donations, boat donations, R.V. Donations and more from New Mexico help us support Veteran causes. Salute Veterans Inc., the Hire A Veteran Project and other veteran nonprofits we work with. UsedCarDonations.org is part of Salute Veterans Inc.