Substantiating charitable contributions by individuals
Substantiating charitable contributions by individuals A reminder about the requirements to substantiate all of your charitable contributions. If the contribution is $250 or more, you’ll need a written receipt from the charity. If you donate property valued at more than $500, additional requirements apply. Here are the details. General rules For a contribution of cash, check, or other monetary gift, regardless of amount, you must maintain a bank record or a written … Read more