Gifts for Sight Accepts donations of items including cars, furniture, computers, appliances, electronics, with free nationwide pick-up. Donations are tax deductible and benefit the Center for Keratoconus.
Tax Deduction A tax deduction or a tax-deductible expense, is an item which is subtracted from gross income in order to arrive at the taxable income.
Car Donation Car donation refers to the practice of giving away no-longer-wanted automobiles to charity organizations. In the United States, charitable donations provide a tax benefit; as such, this type of giving has become very popular. For values less than $5000, the value of the tax deduction comes from the donor's own estimate of the car's value, even if the charity receives much less money from actually selling the car (usually at auction). Some critics have claimed that this is essentially a tax shelter. However, non-profit organizations in the US have come to rely increasingly upon the revenue from car donations. This type of donation has become increasingly widespread in the U.S.; in 2000, 733,000 taxpayers reduced their taxes by $654 million.