Charities - Cash and Non Cash Requirements

There are many new laws for charities.  Remember that for donation over $250 for the year, you must receive a letter from the charity and the letter must contain certain language, or it may not be deductible.  There are additional rules for deduction $250-$500, $500-$5,000, and contributions over $5,000.  Make sure to review the "Records to Keep" in IRS Publication 526. For Charitable Contributions, please review IRS Publication 526.

We recommend that if you donate non cash items to charities, please check out the Value Guide for Savation Army Donations.  See link below.