Home › Forums › Money & Finance › 10 Most Overlooked Tax Deductions › Reply To: 10 Most Overlooked Tax Deductions
December 1, 2011 11:36 pm at 11:36 pm
#831491
cv
Participant
“Keep your receipts and if your contribution totals more than $250, you’ll need an acknowledgement from the charity documenting the services you provided”
***
This statement is not accurate. Open IRS web-site.
If you cut ONE check for $ 250.00 or more – you need a receipt for it
If you cut a FEW checks for the same organization for total amount of $ 250.00 or more – you don’t need a receipt for each check or for the total amount of money you gave to this organization during the year. Every check treated as a separate donation.