Did you know that your car donation can be a tax deduction? If you’re tired of the expenses of maintaining or repairing an older car, or you’re looking to cut back on costs for storage and insurance premiums, consider donating your car to Yellow Ribbon Vehicles.
Car donations are a great way to help US Veterans who have served our country. And, because Yellow Ribbon Vehicles is a 501(c)(3) charitable organization, car donations can give you a tax deduction on your itemized tax return. Our goal is to maximize the value of your car donation when it is sold, so your contribution helps Veterans in the biggest way possible.
When you make a car donation to Yellow Ribbon, you can make a difference in the lives of those who have served because we use funds from the sale to provide several types of helpful assistance to Veterans:
Emergency financial assistance, for reintegrating Veterans after deployment.
Financial coaching/counseling, available one-on-one or in a group setting, this coaching helps Veterans responsibly manage their finances after serving. This may seem like common knowledge, but to a Veteran whose family situation has changed during deployment, it can truly make a difference.
Housing assistance and education to make home purchasing easier and reduce the homeless Veteran population.
Employment assistance and training to help Veterans find and retain employment.
Yellow Ribbon Vehicles was started by a United States Veteran. We’re a trustworthy and reputable 501(c)(3) dedicated to improving the lives of Veterans and we get much of our funding through charitable car donations. With Yellow Ribbon, you’ll never have to question if your car donation is going to a worthy cause. Moreover, we have a wide network of sellers and auctioneers to help get the most out of your contribution.
We make the car donation process easy for you:
- You can schedule a free pick up or tow, or schedule a drop off time, whatever works best for you!
- We’ll handle any car donation paperwork for you, including title transfers
Yellow Ribbon Vehicles can accept car donations in any condition:
- Used cars
- Non-working cars
- Fire- or flood-damaged cars
Car donations follow three easy steps with Yellow Ribbon Vehicles:
- Fill out our form: http://www.yellowribbonvehicles.org or call 1-855-215-4373.
- Schedule the car donation pick up or drop off.
- You will receive your IRS Tax Receipt as soon as the car donation sells. Typically, you’ll have your receipt within 30 days of pick up/drop off, which you can then use for your tax deduction.
Since each donor’s tax situation is unique, we recommend consulting a tax professional about how to properly itemize your car donation for a tax deduction.