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.  http://www.irs.gov/pub/irs-pdf/p526.pdf

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

www.use.salvationarmy.org/use/www_use.nsf/vw-text-dynamic-arrays/5F559E7FB2C55363802572BF0006A193