Reply To: 10 Most Overlooked Tax Deductions

Home Forums Money & Finance 10 Most Overlooked Tax Deductions Reply To: 10 Most Overlooked Tax Deductions

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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”

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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.