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| You need a receipt for any single donation over $250. If multiple donations, each less than $250, add up to more than $250, you still don't need a receipt. However, for non-cash donations, if the total of your donations is over $500, you have to itemize those donations on a special form to be submitted with your tax return. It's always best to get a receipt when you can, so you can document your donations. Dennis << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| How would I handle multiple goods contributions to a charity that all would total over $250.00? In other words, say I donate clothing, appliances, etc., to the "XYZ Authorized Charity" in February and the total fair value is $150.00. No itemization/documentation needed. Then, in June or July, or somewhere down the road, I donate another $150.00 or $200.00 worth. My total for the year would be a figure that would necessitate itemization, documentation, etc., etc.. The charity, like most, does not give itemized documentation (unless they're really big buck contributions). What do I need to do to receive full value for my contributions? I apologize if the question may not be really clear, or the language correct, but this is the best I can present it. TIA << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| charity, deduction, question |
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