The Truth Behind Tax Deductible Donations

Making a charitable donation can not only benefit someone in need, but it can be used as a tax deduction. With so many charities out there, it is important when tax season rolls around that you know which contribution can earn you a deduction. A taxpayer must have written proof that a donation was given in order to get a deduction come tax time. There are some details surrounding tax deductible donations that you must know before you make a claim.

Time Table- When taking a deduction, you can only claim the deduction in the same year in which it is made. For example, if you make a donation in 2011, you can only claim it for that year.

Qualifications- Even though most charitable organizations qualify for charitable contributions, you must do your homework beforehand—just to be certain. There are some exceptions to the list, which means looking to see if the charity has a 501(c)(3) attached to it. This means the IRS officially has it listed as a nonprofit organization.

Limitations- While you can always give as much as you want to charity, there may be a limit on how much you can claim. Giving more than 20% of your adjusted gross income to charity can alter money that you can receive back from your donation.

Car Donations- When donating your car, you must do some research.  There are numerous places that state that giving a car will get you a deduction on your taxes.  Making sure the organization is on the list of the IRS as a charitable organization is key, but now you must make sure the car being donated is used for donated purposes and not being resold.

A benefit of giving to charity is helping someone who is less fortunate, but getting a tax deduction for your generosity is certainly a bonus. Make sure you do your homework before making a deduction as the IRS has a list of charities and originations that are tax deductible donations.

Donate to Mental Disability Charities

Charities that provide services to mentally disabled people are a benefit to our society. When they are founded by people who can relate to having a disabled child, sibling, parent, or friend they have such a positive direction. They know what families go through; they have been through it all before, which is why they are the best charities to donate to.

• The Wyatt Foundation is non-profit organization founded in Idaho, whose founders’ inspiration came from their autistic son Wyatt. They noted their son’s love for horses and the therapeutic effects his love for animals had on him.

• At Spirit Ranch children and young adults have the support they need to improve their lives. Recreational activities and therapeutic support from the animals give youth the experience of a lifetime. While at the same time they are learning skills to enhance their lives and reach their fullest potential.

• Donating to this charity is easy. The amount of your donation is entirely up to you. Even if you are putting dollar of donation toward this worthy cause your contribution is helping youth that need this support.

• A unique method of donation that Wyatt Foundation accepts is timeshare donations. If you visit donatetimeshares.com you can easily eliminate your timeshare expenses. No long waits, no struggling to sell your property, easy and fast relief.

• Instead of letting your expenses and fees pile up you can get rid of your timeshare for good. Once you have donated your timeshare you are eligible for tax credit and you could be receiving a rather attractive tax refund.

Get Out Your Timeshare Money Pit

The whole timeshare deal may have been great at first, but now you want out. Everywhere you turn it only seems as if you’re luring yourself deep inside this infectious money pit, and you find yourself thinking there are no options. When your timeshare amounts to zero profit, it begins to drain your accounts, and you have no use for it, perhaps you should seek the services of donatetimeshares.com:

• Automatically when people think of selling a property the first thing that comes to mind is profit. What if the property turns out to be worth less than what you originally purchased it for? If this happens to be your situation then you know you the frustration of feeling your investment has been wasted.

• Selling any type of property is not easy work, it requires research, the proper marketing skills, and a well thought out presentation. Even if you are taking the right measures toward selling your property, you may have issues getting this property off your hands. It could take months and even up to a year to sell this timeshare.

• Meanwhile, during the process of advertising your timeshare to potential buyers, you still have that good old timeshare mortgage to rely on in addition to your other responsibilities. Your expenses increase and your debts begin to sky rocket.

• It doesn’t have to be this way. The option many people overlook is donation. Relieve yourself of timeshare costs, maintenance fees, and dragging yourself into debt. Get rid of your timeshare quickly and effortlessly.

• Donatetimeshares.com helped me to eliminate all of my timeshare expenses forever. No more hidden fees, no more mortgage. Within a matter of weeks my timeshare worries were over and the stress of unnecessary expenses were off my back.

• I was able to receive a tax credit for my donation and an attractive sized tax refund. All the while knowing that my donation went to a good cause, giving disabled children and young adults the ability to improve their lives.

Selling vs. Donating Your Timeshare

Oftentimes, many people jump into selling their timeshare without thinking about the benefits that donation has to offer. When you donate your timeshare you may be able to save more money, eliminate long waiting periods that come along with selling your timeshare, and contribute to a worthy cause.

Why donation may be a better option…

¾    Selling a timeshare is hard work. You could be waiting months, even a year, to get rid of your unwanted property, even with the help of a realtor.

¾    Listing an advertisement for you timeshare in newspapers and bidding sites adds up. You could spend a substantial amount of money for your listing and still receive little to no results.

¾    Realtors can help find you potential buyers, but they don’t come cheap. Broker fees can be expensive and this is an added cost that you have to pay in addition to your timeshare maintenance fees.

¾    With donation, there are no long waits! If your timeshare qualifies for our donation services, you can get rid of your timeshare within a matter of weeks.

¾    Your donation qualifies you for a charitable tax credit and you have the possibility of receiving a hefty tax refund.

¾    Our donation company does all the hard work for you. There is no need for you to spend money on advertising in the newspaper or bidding sites and there are no expensive broker fees.

¾    Save money when you donate your timeshare, while also knowing that you are contributing to a worthy and deserving cause. The Wyatt Foundation helps disabled children and young adults reach their highest potential through their therapeutic support program.

Don't Let Your Desperation for Timeshare Relief Blind Your Judgment

Selling your timeshare can be quite a hassle. It's almost like selling a parka to someone living in Fort Myers during the summer; finding a buyer will be rough. The market is saturated with those looking to sell their timeshares, and telemarketers are chomping at the bit to take advantage of those desperate folks looking for timeshare relief. 

In a report by MSNBC, more and more timeshare scams are being reported. It appears that agencies are calling up potential victims and telling them that they can sell their timeshare with ease. All the timeshare owners have to do is pay the closing costs and their timeshare problems are over. Unfortunately, these people are learning that this is just the beginning of their problems.

After a few weeks and then months of waiting, the victims figure out that they've been scammed. Usually by this point, the scammers have disconnected their line, closed the bank account, and moved on. The owner is left with less money and even more anxiety. What's worse is that you're put on a sucker phone list which telemarketers use to try to scam you again. It's a terrible circle.

There is a way out for those who are desperate for timeshare relief. Donating your timeshare is the way to go

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if you want to rid yourself of your timeshare and avoid paying maintenance costs or dealing with the hassle of transportation and leisure costs. Our donation specialists take care of everything, and you will receive a lower tax bill for your troubles.

If you are feeling desperate, don't allow yourself to be taken advantage. There are outlets out there that will allow you to find timeshare relief without the risk of getting scammed.  Visit us and learn more.

Planning Another Staycation Because You Can't Afford a Vacation? Donate Your Timeshare

The staycation has become a popular term for the few past summers, which may speak to the shakiness of the economy. A staycation is a play off the term vacation in which a couple or family stays home for their vacation time. The idea is to relax and save money. A family may instead plan leisure and entertainment activities that center around the home or surrounding area. The present economy is turbulent at best. With news of a credit downgrade, people are uncertain of whether or not recovery will ever happen. What is certain, however, if you own a timeshare, you're going to have annual fees.

Timeshare owners have to endure more costs than just maintenance fees. It costs money to go to the timeshare, which could mean high gas prices or even higher airline tickets. Plus when you get there, you have to worry about dining out or grocery costs, entertainment costs, and travel gear. For many families, it's not worth it even if they are already paying maintenance fees. They would prefer to cut their losses at those. A timeshare may have seemed like a good idea at the time, but times, like economies, change, and some families can't afford to vacation like they once could.

For these families, you can find timeshare relief with us. You can donate your timeshare to a very good cause in The Wyatt Foundation and receive a healthy deduction on your next tax bill. What's even better is that you will no longer have to worry about maintenance fees or transportation costs. The combination of the savings may allow you to find a little extra spending money to take a real vacation. If you are struggling to keep up on your timeshare and want relief, please contact us today to speak with a donation specialist.

Donate Your Timeshare and Help a Kid Find a Four-Legged Friend

The benefits of a donating a timeshare are great. Not only do you receive a large deduction that you can apply to your next tax bill, but you also receive timeshare relief. You no longer have to worry about maintenance fees, traveling arrangements, and are instead free to vacation wherever you like rather than be obligated to visit your timeshare because you can't afford two vacations. The other side to that is you are helping to support a good cause when you donate a timeshare with us. 

We are supporters of The Wyatt Foundation. The Wyatt Foundation is a nonprofit corporation started in Idaho to support physically and mentally challenged children through therapy. The main component of this therapy is through Spirit Ranch. Spirit Ranch is a place where children and their parents can come together and ride horses, care for animals, and enjoy the outdoors. There is no value on the therapy received through animal assistance and the outdoors, and we are proud to help support this wonderful cause.

The Wyatt Foundation is named after founders Joe and Denise Hardy's son, Wyatt. Wyatt is autistic and loves the outdoors. The Hardys noticed that Wyatt's love of horses and other animals was really having a positive effect on his well-being. Research in animal-assisted therapy is still relatively new, but the Wyatt Foundation is devoted to aiding mentally and physically impaired children with the help of animals. In limited studies, animal-assisted therapy works because those who are impaired may feel alone or unable to communicate with others because of their condition. Animals can provide a way for them to feel safe and loved. The Wyatt Foundation utilizes donations to help these kids not feel alone and better about themselves. Donate a timeshare today to help. 

Click here for more information on the Wyatt Foundation.