This form is a sample letter in Word format covering the subject matter of the title of the form.
Receipt Donation Document Without Comments In Massachusetts
Category:
State:
Multi-State
Control #:
US-0018LR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Example 2: Individual Acknowledgment Letter Hi donor name, We're super grateful for your contribution of $250 to nonprofit's name on date received. As a thank you, we sent you a T-shirt with an estimated fair market value of $25 in exchange for your contribution.
Ing to the IRS, any kind of donation above $250 should require a donation receipt. The same applies to stock gifts/donations.
Technically, if you do not have these records, the IRS can disallow your deduction. Practically, IRS auditors may allow some reconstruction of these expenses if it seems reasonable.
Write in the total fair market value of your donation. This value is determined by you, the donor. Goodwill provides a donation value guide to help determine fair market value. Please note: Goodwill employees cannot help determine fair market value.
Proof can be provided in the form of an official receipt or invoice from the receiving qualified charitable organization, but it can also be provided via credit card statements or other financial records detailing the donation.
You can take a deduction for a contribution of an item of clothing or a household item that isn't in good used condition or better if you deduct more than $500 for it and include a qualified appraisal of it with your return.
Whether for charitable reasons or tax avoidance reasons, taxpayers frequently utilize the charitable contributions deduction when itemizing their returns to reduce their tax liability. However, this deduction is subject to IRS policies and may be subject to audit.
