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Twin Cities Habitat for Humanity receives the proceeds from vehicle donations through Habitat for Humanity International's "Cars for Homes™" program. These proceeds help build decent, affordable homes in partnership with low income families here in the Twin Cities. To learn more about the "Cars for Homes™" program, click on the link below. Twin Cities Habitat also accepts direct donations of late-model pickups to use as construction vehicles. To find out more about fleet vehicle donations, contact us at 612-588-380 or send email to restore@tchabitat.org. Missing the title? Its possible that the state Motor Vehicle Services can get you a copy. Changes in Tax Law: Up until the end of 2004, when donating a vehicle, the donor could deduct its "fair market value" from his or her federal income taxes (this still applies to fleet donations only). Starting on January 1, 2005, the donor is able to deduct the greater of $500.00 or the amount the charity sold the car for at retail or wholesale, less repair costs. Visit the IRS for tax information or visit a local library for forms. Use Publication 526 (donating property), or Publication 561 (valuing property). When filing, you will need to submit IRS Form 8283 for donated property. |
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Donate Vehicles