According to Fox13, Utah is ranked as the second most generous state in the United States. WalletHub conducted a survey, and it showed how Utahns are amongst the most generous people. The metrics were based on volunteer rates, donations, and charitable fundraising. With that in mind, it just goes to show why you consider a Utah car donation if you are planning to help raise a cause.
In Utah, a car donation has been the rising method of giving to charities and other organizations. This is because it provides a lot of benefits that other types of donations won’t have. To understand it better, here are some of the reasons why you should consider a car donation in Utah:
Getting Rid of an Old Vehicle in the Best Way
If you are planning to get an upgrade and purchase a new car, then you might be wondering about what you should do with your old vehicle. You might think of selling it, but a better alternative is to donate it. In Utah, volunteer rates among millennials have been at the top for several years now, so you should also do your part and free that space in your garage. You won’t be needing it, and you’ll even have a lot of storage space. Think about it; you are not just benefiting others, but also yourself.
Get a Tax Deduction
Ever since the new tax law has changed the deductions for charitable contributions, many have turned to a car donation in Utah. As stated by Fox13, “the new tax law allows for charitable contributions to be deductible only for individuals who give more than $12,000. People who donate as a couple must donate $24,000 to count it as a charitable contribution.”
Moreover, you also need to remember some of these key factors:
- The car donation must happen in the tax year you are claiming for.
- The car donation must be given to a legitimate non-profit organization that is eligible to obtain tax-deductible contributions.
- The receipt must be given to prove car donation.
- The IRS Form 1098c must be filled out if the car donation is worth more than $500. It shall also be attached to the tax return.
Being Able to Help Out People in Need
Even though this is an obvious benefit, this must be listed as one of the reasons for your car donation. It cannot be emphasized enough how significant it is to donate to people who need it the most. From people who suffer from illnesses like kidney disease to protecting animals from cruelty, these are all noble causes, and in Utah, a car donation will make a difference. The world is challenging as it is. So, help make it bearable and pleasant for those who do not live in the same circumstances as you.
This is a Sign: Donate Now!
If you are looking for a sign, well, this is it. Do your part in your community and even the world by donating. There are so many causes out there that should be given light. There is not a lot of time given to do all of the things that should be done. But, make sure that donating once in your life is a part of it. The world will be a better place if more people donated.