Automotive Donations in Houston Texas: Donate Now to Get 2013 Deduction

With October upon us, it is time to start planning for tax season which begins in January. Therefore it is time to lock in those deductions know to ensure that you pay as low as tax liability as possible. If you have an old car that is just sitting in your driveway or garage, now is the time to set up an automotive donation in Houston Texas to be sure you can get your paperwork in time to claim a 2013 deduction.

Tax Deduction Rules for Automotive Donations in Houston Texas

Donating a vehicle is much easier than trying to sell a car, especially if it is older or needs some work. By setting up an automotive donation in Houston Texas, you can leave the work of selling the car to the -charity while you read the reward once it is sold. Depending on how much it is sold for, you can depend on the following deduction:

  • If the vehicle is sold for less than $500, you can get fair market value up to $500 or the amount it is sold for
  • If it is sold for more than $500, you can deduct the full sale amount

No matter what the car is ultimately sold for, you will receive a 100% tax deduction for the sale price. After it is sold, you will get a receipt which you can then use to claim your deduction.

Harbor Ministries gladly accepts all automotive donations in Houston Texas, whether your vehicle runs or not. We will come pick up your vehicle and then provide you with the receipt once it is sold. As a trust non-profit organization in Texas, you can be sure that you will receive a benefit both from the tax deduction but also from knowing that your vehicle went to fund vital programs in the community.

If you have an automotive donation in Houston Texas, Harbor Ministries will be glad to pick it up and get it sold to guarantee your deduction for 2013.

Have a car to donate? Contact Automotive Donations in Houston Texas

Call Harbor Ministries donation line at (713) 947-2469 today

Contact Harbor Ministries