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Cash or property donations worth more than $250: The IRS requires you to get a written letter of acknowledgment from the charity. It must include the amount of cash you donated, whether you received anything from the charity in exchange for your donation, and an estimate of the value of those goods and services.

For contributions of cash, check, or other monetary gift (regardless of amount), you must maintain a record of the contribution: a bank record or a written communication from the qualified organization containing the name of the organization, the amount, and the date of the contribution.

The written acknowledgment required to substantiate a charitable contribution of $250 or more must contain the following information: name of the organization; amount of cash contribution; description (but not value) of non-cash contribution;

Written acknowledgement from the charity is required and must be obtained from the charity on or before the earlier of the date when the tax return is filed or the due date of the tax return (including extensions). The written acknowledgement must contain: Charity name. Amount of cash contribution.

You must be 70½ or older to be eligible to make a QCD. QCDs are limited to the amount that would otherwise be taxed as ordinary income. This excludes non-deductible contributions. The maximum annual amount that can qualify for a QCD is $100,000.00 (Indexed starting in 2024).

Because charitable contributions are often tax deductible, taxpayers must furnish proof in the form of an official dated receipt from the receiving organization or some other official record of the transaction.

Bank records for this recordkeeping requirement include bank or credit union statements, canceled checks, or credit card statements. They must show the date paid or posted, the name of the charity, and the amount of the payment.

A QCD is a payment of money to a charity that does not fall to be treated as a 'distribution' in respect of shares or is not otherwise deductible as a trading expense (CTA 2010, s. 190(2) and 191). QCDs are made gross without deducting any basic rate tax.