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Charitable gifts to church

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R

rfordtuff

Junior Member
What is the name of your state? Tx

My understanding is that for gifts in excess of 250 you must have a receipt from the organization receiving the money. My question is, my church provides an end of year statement that states the total of my yearly donations, is this okay? Does it need to have a list of each contribution or is just a total okay?

Thanks
Randy
 


LdiJ

LdiJ

Senior Member
rfordtuff said:
What is the name of your state? Tx

My understanding is that for gifts in excess of 250 you must have a receipt from the organization receiving the money. My question is, my church provides an end of year statement that states the total of my yearly donations, is this okay? Does it need to have a list of each contribution or is just a total okay?

Thanks
Randy
Click to expand...
The law has actually changed...just this year. You now need proof of every donation, no matter how small. That doesn't necessarily mean that you have to have a receipt, but you have to have some proof. (ie, a cancelled check)

However, an end of the year statement from a church has ALWAYS been acceptable evidence....and still is.
 
M

mtpockets

Member
additonal requirements

The receipt must state whether any goods or services were received in exchange and the value thereof.
 
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