Gifts to Charity: 6 Facts about Written Acknowledgments

And of course, make sure the deduction is qualified.

By Barry J. Friedman, CPA

If your clients offer gifts or money to qualified organizations eligible to receive tax-deductible charitable contributions, they must do two things:

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  1. Have a bank record or written communication from the charity for any monetary contributions.
  2. Get a written acknowledgment from the charity for any single donation of $250 or more.