Q:

Where can I give away a house for free?

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A:

There are plenty of ways to give get rid of a house you don’t want anymore. 

  • Transfer the deed (ownership) to someone else like friends or family
  • Giving your house to a local fire department for practical use and training
  • List your house on eBay for $1
  • List your house on social media and classified websites as a giveaway
  • Donate your house

Why is donating the best option?

Donating your house means that you get a tax deduction

Other forms of giving your house away will help you get rid of your house but will not give you the tax benefits.

In short: when you donate your house to a charity, with the right legal status, you will get back 100% of the fair market value of your house back on taxes.

So if the house is valued at $100k, you will get back $100k on your taxes.

You can carry this amount over for 5 years.