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Charitable contributionsQuestion What is sufficient evidence to support charitable contributions?
Answer Requirements to quality as a charitable contribution vary by the amount:
- Less than $250, your canceled check or a receipt from the charity is sufficient. - $250 or more, you should get a written receipt or acknowledgment from the charity by the due date of your return describing your contribution. - If a property donation is valued at over $5,000, you may also be required to obtain an appraisal and keep a record of this appraisal. Other rules may apply so consult your tax professional.
Brain Trust contributor:
Author of J.K. Lasser's Small Business Taxes 2007
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