How You Can Earn a Lower Tax Bill through a Timeshare Donation

Donate Timeshares is a company devoted to helping those in need of timeshare relief find it through a timeshare donation. A timeshare donation is what you probably think it is. It is giving a timeshare to a charitable organization, so that they can sell it and use the proceeds to help their organization operate. Many charities are understaffed and need more contributions in order to stay afloat and help their cause. 

In return for your timeshare donation, you receive a lower tax bill. You will earn a fair market value of your timeshare and can deduct that on your taxes. You will be free of your contract forever and help a charity at the same time. Donate Timeshares works with The Wyatt Foundation, a charitable organization devoted to helping disabled adults and children through animal assistance. It is recognized by the IRS as a charitable organization that qualifies under section 170© of the Internal Revenue code.

Here is a list of qualified organizations:

·         United States state or territory/United States or District of Columbia

·         A community chest, corporation, trust, fund, or foundation created and organized in the US that is organized and operated exclusively for charitable, religious, educational, scientific, or literary purposes, or for the prevention of cruelty to children or animals

·         A church, synagogue , or religious institution

·         A war veterans' organization

·         A nonprofit volunteer fire company

·         A civil defense organization created under federal, state, or local law

·         A domestic fraternal society if the contribution is used for charitable purposes

·         A nonprofit cemetery company 

If you are unsure, it's best to ask the organization whether they qualify. Otherwise, you may not be able to deduct your contribution on your tax bill. If you want to donate your timeshare for a good cause like The Wyatt Foundation and receive a lower tax bill, contact a donation specialist today.