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cash charitable contributions

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Level 2

How much can a person deduct on Sch A cash charitable contributions without receipts?

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Level 15
Level 15

Zero.

or do you mean how much can they get away with deducting without receipts?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 2

Client said she has $1200, I thought they can deduct $250, but wanted to be sure.

Thanks

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Level 12

Which tax year?

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Level 12

Publication 526:

 

Cash contributions include payments made by cash, check, electronic funds transfer, online payment service, debit card, credit card, payroll deduction, or a transfer of a gift card redeemable for cash.

You can't deduct a cash contribution, regardless of the amount, unless you keep one of the following.

  1. A bank record that shows the name of the qualified organization, the date of the contribution, and the amount of the contribution. Bank records may include:

    1. A canceled check.

    2. A bank or credit union statement.

    3. A credit card statement.

    4. An electronic fund transfer receipt.

    5. A scanned image of both sides of a canceled check obtained from a bank or credit union website.

  2. A receipt (or a letter or other written communication such as an e-mail) from the qualified organization showing the name of the organization, the date of the contribution, and the amount of the contribution.

  3. The payroll deduction records described next.

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Level 2

Thanks