Are you thinking of selling or trading in a drivable older car or van? Why not donate it to Senior Services of Albany instead? You will receive a tax deduction, and your vehicle will be put to work serving the needs of elderly Albany County residents.
Right now, we need four-door sedans and mini vans with low mileage and in good working order. We’ll use them in our Transportation Program, a door-to-door service that provides more than 500 rides each week, or in our Meals On Wheels program, the largest operation of its kind in the area, delivering more than 1,000 meals every day.
Our vehicle fleet is aging, and each time one requires repair, it affects the entire program. Seniors must wait longer for their rides, and at times are left sitting in an office at a store. Meal deliveries can be delayed and when you are homebound and hungry, any delay is too long.
According to IRS rules, a vehicle donor can claim a deduction of the vehicle’s fair market value if the receiving charity makes significant use of the vehicle- and SSA makes significant use of donated vehicles every day.
In contrast, many non-profits accept donated vehicles for the purpose of selling them at auction, and according to IRS rules, a donor’s deduction is limited to the amount of gross proceeds from the charity’s sale of the vehicle. For more information visit irs.gov.
To start the no-hassle donation process, call SSA at 463-4381.

This entry was posted on Monday, April 6th, 2009 at 2:56 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.