Nonprofit organizations, recognizing the cash-strapped times, have recently started offering an alternative as a tax-deductible donation to their cause: giving them an old car.<\/p>\n
Sometimes public radio stations will offer a pick up service and allow supporters to donate a car or boat as a donation to the station. Groups like Boat Angel allow you to make tax deductions by giving them your boat of any size or make. Many of these donations happen at the end of the year so that the donation counts toward that year\u2019s income tax cycle. <\/p>\n
It is important to remember to change your insurance policy after the donation. If someone gives away an old car or an old boat, the insurance company can adjust the policy so that the old vehicle is no longer being covered.<\/p>\n
\u201cDonating an old car or vehicle is good for you twice,\u201d said Lee Rogers of the Florida Insurance Group. \u201cYou get (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Nonprofit organizations, recognizing the cash-strapped times, have recently started offering an alternative as a tax-deductible donation to their cause: giving them an old car. Sometimes public radio stations will offer a pick up service and allow supporters to donate a…<\/span><\/p>\n