What proof is needed to support charitable deductions?

What proof is needed to support charitable deductions?

  • April 30, 2019
  • David Greene
  • Comments Off on What proof is needed to support charitable deductions?

Here are the rules: (1) You must have a written statement from the charity for a gift over $250 or at least a bank or credit card statement for any monetary donation; (2) gifts are deductible in the year made, including those made by credit card at year end; (3) only gifts made to an eligible charity are deductible (usually §501 charities – the IRS has a list on its web site); (4) one must itemize deductions to claim the deduction; (5) for non-cash contributions, a Form 8283 must be filed with the return; (6) deductions for cars, boats, etc are limited to the proceeds of the sale.

 

Tags: , , , , , , , ,

Office Location

11 McGee Street
Greenville, SC 29601

Phone: (864) 271-7940
Fax: (864) 370-3413
Toll Free: 1-800-216-1116