Virginia Beach Finance

Sep 30 2017

Purple heart car donation #purple #heart #car #donation



Q: Who is the Military Order of the Purple Heart?

A: The Military Order of the Purple Heart is a national organization composed of combat-wounded veterans who have been awarded the Purple Heart medal.

Q: How does the Purple Heart Car Donation Program make a difference?

A: As a result of our generous car donors, Purple Heart has been able to provide many quality programs that have helped thousands of veterans across the country (see programs and outreach page). Your support is needed and appreciated.

Q: How does the tax deduction work?

A: The IRS allows a donor to claim the fair market value up $500 for a donated vehicle. However, if the charity sells the donated vehicle for over $500, the IRS allows the donor to claim the selling price as a tax deduction. Purple Heart evaluates each donated vehicle to obtain the highest possible selling price for the vehicle in an effort to generate funds for our veterans and to maximize the donor’s tax deduction. Find the IRS tax publication here.

Q: Do I need a title to donate my car?

A: Yes. You must have a clear title (no liens) to donate your car. If there is a lien holder and/or a secured party listed on the title, we must have a copy of the lien release along with the title even if the lien has been paid off.

Q: How does my donated vehicle get picked up?

A: After you have made arrangements to donate your vehicle, one of our professional towing companies will call you to arrange a convenient date to pick up your vehicle.

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