Giving Gives

Individuals tend to donate their beloved boats to charitable organizations for many reasons. Some may want to get out from under the mounting expenses of owning a boat while also gaining a great   tax deduction . Maybe, they over-invested and know the market might never repay them, so instead of swallowing a loss, they choose the altruistic route. No matter the reason, a boat donation will give the satisfaction of helping to support a cause they truly care about. A boat donation is a g r eat means for philanthropic giving, however, the process is not as simple as some may think. All boat donations must be done right with careful planning, research, and the excellent advice of a trusted tax professional. It is possible to turn that old boat into a beautiful gift that helps others without giving yourself the headache of a financial disappointment. Be sure to do your homework when choosing a charity. In order to qualify for a charitable  tax deduction , the charity that you give your boat

When you think of a vehicle donation, you may picture cars, boats, and even RVs. Trailers, on the other hand, may not be the first thing that comes to mind when you consider a vehicle donation. However, all kinds of trailers can be donated to charity as well! As your needs evolve and change throughout the years, you may need to dispose of a few items that you no longer find any use for. This may happen to include trailers. Trailers used for hobbies like as snowmobiling or four-wheeling can also become unnecessary as well if your hobbies grow or change. You may also have found yourself with a utility or cargo trailer you bought years ago to help move homes or carry building supplies for renovations. It does not matter if you have a horse trailer, utility trailer, a cargo trailer, or a flatbed trailer. You are not stuck with your unwanted trailer because there are great charities and organizations, like  OnlineCarDonation.com , that are willing to get it off your hands. The Most Common T

If you happen to be charitably inclined and also you collect art, appreciated artwork may be one of the best charitable donations from a tax deduction perspective. When donating appreciated property, it is doubly beneficial because you are able to enjoy a nice tax deduction while avoiding the capital gains taxes you would usually owe if you sold the property instead. The extra benefit from donating  artwork  specifically   comes from the fact that the top long-term capital gains rate for art and other types of “collectibles” is 28%, as opposed to 20% for most other types of appreciated property. What Is Appreciated artwork exactly? Essentially, it is collected or inherited art that is held for more than one year and has appreciated in value. This qualifies it as a “collectible” under the  Internal Revenue Code  and is considered a capital asset. Whenever a capital asset is sold, the owner will owe a capital gains tax. The amount of the capital gains tax is based on the difference betwe

If you live in Sacramento California and have furniture that you no longer need, there is a great charitable organization that will be happy to take most items off your hands. Whether you live in Rosemont, Elk Grove, Rancho Cordova, or any other cities close to Sacramento, you can make an easy   furniture donation   with the   With Causes Charitable Network . Sometimes, the easiest way to deal with moving furniture from one location to the next is to not move it at all. It can easily end up costing you  more  to have movers ship all of your old furniture to your new home. Or maybe you are just replacing your furniture in your home or office. Whatever the case,  donating furniture  to charity is a fantastic solution for offloading used household items. All throughout California, there are many charities that will gladly take your items off your hands. However, if you are in the Sacramento area, consider donating to the  With Causes charitable Network . They can arrange to pick up your f