<< Visit Website
Categories: Children, [ View All ]
Wheels for Wishes Charity Profile
Since 1980, the Make-A-Wish Foundation® has given hope, strength and joy to children with life-threatening medical conditions. From their humble beginnings with one boy’s wish to be a police officer, they have evolved into an organization that grants a child’s wish every 40 minutes in the U.S.
A network of nearly 25,000 volunteers enable the Make-A-Wish Foundation to serve children with life-threatening medical conditions. Volunteers serve as wish granters, fundraisers, special events assistants and in numerous other capacities.
Wheels for Wishes Donation Information
Make-A- Wish Foundation of Minnesota is proud to offer an attractive, convenient alternative to selling or trading in your vehicle. Donate it today and eliminate the hassle! Support the Make-A-Wish Foundation of Minnesota, by donating your car, truck, SUV, RV or boat, and help make local Minnesota children's wishes come true.
Donating your car or vehicle to charity can be a great way to get a tax deduction. Prior to January 2005, the IRS was allowing people to take a tax deduction based on their vehicle's market value. As a result of the new tax law that went into effect in January 2005, the IRS has taken the guesswork out of determining the value of your car, truck, RV, boat or other vehicle.
The IRS allows the taxpayer to claim a tax deduction of
•The value of your vehicle up to $500, or
•If the vehicle sells for more than $500, Make-A-Wish will mail you a notification stating the exact amount for which it sold, which is the value you state for your tax purposes
In either case, you will receive a receipt at the time that your vehicle is sold.
Assuming that we sell your vehicle for more than $500, we will then mail you a notification stating that value for your tax purposes. So for any vehicle sold for more than $500, the exact amount it is sold for will be stated on your notification mailed to you, which in turn will be your tax deduction. For additional information, the IRS provides A Donor's Guide to Car Donations (Publication 4303), which sets forth the manner in which the IRS requires you to determine the value of your donated vehicle.