Computer Donation Tax Deduction2022-02-06T19:43:03+00:00

COMPUTER DONATION TAX DEDUCTION

COMPUTER DONATION TAX DEDUCTION

What computers and electronics can I donate?2022-02-06T19:31:51+00:00

We strive to make the donation process as easy as possible, and accept a wide variety of electronics including: laptops, servers, desktops, tablets (Android, iPad, Windows, Samsung etc.), VOIP phones, switches and hubs, monitors, notebooks, routers, printers and more! Just complete the form and let us know what you want to donate.

What are the tax benefits to corporate donors?2022-02-06T18:57:39+00:00

The IRS code provides for a tax deduction for item donated to a charitable organization such as Driving Successful Lives under applicable rules and regulations. For donors part of a corporation, tax deductions can be limited to the amount of the donor’s tax basis in the property contributed (Exceptions may apply, please consult your tax advisor). The donation letter provided to you by Driving Successful Lives will reflect the year in which we receive the equipment. Warehousing and shipping costs are also tax deductible under applicable rules and regulations.

What are the benefits of corporate donations of inventory?2022-02-06T19:11:06+00:00

Under Section 170 of the Federal Income Tax Code, corporations that donate inventory (i.e. Property sold in the normal course of business) to certain charitable organizations, may receive an additional tax benefit. Section 170(e)(3) provides a deduction for corporate contributions of inventory as much as twice the donor’s adjusted basis in the property.

The charitable deduction for contributions of inventory (from a C corporation) will be the total of the donor’s tax basis in the donated inventory plus one-half of the difference between the inventory tax basis and its fair market value. This is limited to 200% of the inventory tax basis plus any incidental costs (i.e., shipping, warehousing) associated with donating the inventory. If the fair market value of inventory is less than the donor’s tax basis in the donated inventory then the charitable deduction should be equal to the fair market value. *Consult your tax advisor for consideration of this option.

Is Driving Successful Lives a registered 501(C)3?2022-02-06T19:40:00+00:00

Your Donation is designated to Driving Successful Lives 501(c)3 Non-Profit Organization Tax ID EIN # 831215670.

1644 Highland Park Drive,
Highland, Michigan
48356

Driving Successful Lives has a mission to help raise funds and improve the lives of veterans, homeless families, children, those with addictions while helping donors generate a tax deduction, often with property, vehicles, electronics they might no longer want or need.

If an individual donates, what are the benefits?2022-02-06T18:28:16+00:00

If an individual donates a piece of technology, they are provided with a tax receipt for the the charitable deduction equal to the fair market value (retail used value in the current market place) of the donated item. Shipping costs are so tax deductible under applicable rules and regulations. The donation is tax deductible for the year in which the equipment is received by Driving Successful Lives.

Can I donate my non-working computer?2022-02-06T19:27:16+00:00

We accept both working and non-working computers! Your computer donation to Driving Successful Lives might be able to be repairs, or it may have useful parts. We will dispose and recycle all obsolete and non-viable equipment.

Am I eligible for a tax break if I donate my electronic?2022-02-06T19:07:20+00:00

Yes you are eligible if you donate it to a nonprofit program like Driving Successful Lives. The tax laws pertaining to this are Section 170 of the Federal Income Tax Code, the New Millennium Classrooms Act, and the 21st Century Classrooms Act. An individual who donates can deduct the current market value of the electronic, and corporate donors can deduct the un-depreciated value of the electronic.

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