This form is a sample letter in Word format covering the subject matter of the title of the form.
Donation Receipt From Goodwill In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-0020LR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
However, you should be able to provide a bank record (bank statement, credit card statement, canceled check or a payroll deduction record) to claim the tax deduction. Written records, like check registers or personal notations, from the donor aren't enough proof. The records should show the: Organization's name.
Getting a receipt every time you donate strengthens your tax records if you are audited. If you make a large donation and don't have (or can't find) the receipt, the donation will almost certainly be disallowed on audit. For this reason, it's best to set up a record-keeping system at the start of each year.
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.
The goodwill receipt is basically meaningless. You need to document what you donate and you need to substantiate its value.
In that case, all you need to provide in the donation receipt is the name and EIN of the organization, date of donation, and a description of the donated item. You should also add a note stating that the valuation of the item is the donor's income tax responsibility.
A goodwill donation receipt is a document you receive when you donate items to organizations like Goodwill. This receipt serves as proof of your donation for tax purposes. Here's how it works:
How much can I deduct for household items and clothing? You can deduct the amount based on a percentage of your Adjusted Gross Income. The fair market value of donated items in good or used condition can be claimed as a deduction on your tax return. You can claim a deduction of up to 60% of your Adjusted Gross Income.
Noncash Charitable Contributions — applies to deduction claims totaling more than $500 for all contributed items. If a donor is claiming over $5,000 in contribution value, there is a section labeled “Donee Acknowledgement” in Section B, Part IV of Internal Revenue Service (IRS) Form 8283 that must be completed.
More info
Fill out the form below to receive your donation receipt. Your receipt will be emailed to the address you indicate.The receipt they handed me just had "2 bags, clothes" listed on it. As the donor, apparently I am supposed to fill in the value. A limited number of local Goodwill organizations offer the convenience of electronic receipts to facilitate your donation tracking for tax purposes. Items that Goodwill gladly accepts. How do I fill this out? Filling out the Goodwill Donation Receipt is straightforward. Donate your gently used items to Goodwill at one of our many donation centers in the DC area. When you donate goods to The Salvation Army, all donation proceeds are used to fund our Adult Rehabilitation Centers.
