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
Charitable Contributions Made By Payroll Deduction
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If you make a charitable contribution by payroll deduction in which no single contribution is $250 or more, you either need:
- A written communication from the charity showing the amount of the contribution made during the year OR
- A pay stub, form W2, Wage and Tax Statement or other employer-furnished document furnished by the employer that shows the amount withheld and paid to a charitable organization OR
- A pledge card prepared by or at the direction of the charitable organization.
If you make a charitable contribution by payroll deduction in which at least one contribution is $250 or more, you must use both of the following documents as the written acknowledgement obtained from the charitable organization:
- A pay stub, Form W-2, Wage and Tax Statement, or other document furnished by the employer that sets forth the amount withheld by the employer and paid to the charitable organization AND
- A pledge card that includes a statement to the effect that the organization does not provide goods or services in consideration for contributions to the organization by payroll deduction.
- Each payroll deduction in the amount of $250 or more is treated as a separate contribution for purposes of this threshold requirement for written acknowledgements.
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