Content Overview
- Summary
- How To Determine If An Organization Qualifies As An IRS Charitable Organization
- Limit On Total Amount Of Deductible Charitable Contributions
- If Any Single Charitable Contribution Is $250 Or More
- Charitable Contributions Made By Payroll Deduction
- Contributions Of Time To Charitable Organizations
Charitable Contributions: Tax Considerations
If Any Single Charitable Contribution Is $250 Or More
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If you make a single contribution of $250 or more in the form of unreimbursed expenses, then you musts obtain a written acknowledgment from the charity containing:
- A description of the services you provided, AND
- A statement of whether or not the organization provided goods and services in return for the contribution, AND
- A description and good faith estimate of the value of goods and services, if any, that an organization provided in return for the contribution AND
- A statement that the goods or services, if any, that an organization provided in return for the contribution consisted entirely of intangible religious benefits, if that was the case.
- PLUS you must keep adequate records of the unreimbursed expenses. See IRS Publication 526, Charitable Contributions, for a description of the necessary records.
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