If you donated money to charity, you'll need these records

If you donated money to charity, you'll need these records

If you plan on deducting charitable contributions on your 2017 tax return, you'll need to have certain records.

Gifts by check or credit/debit card must have written documentation showing the contribution amount and date, as well as the name of the organization you gave to. If the contribution is more than $250, you'll also need a written acknowledgement from the charity created at the time you made the donation.If you plan on deducting charitable contributions on your 2017 tax return, you'll need to have certain records. Gifts by check or credit/debit card must have written documentation showing the contribution amount and date, as well as the name of the organization you gave to. If the contribution is more than $250, you'll also need a written acknowledgement from the charity created at the time you made the donation. If you receive something in return for donating, you can deduct only the difference between the contribution amount and the value of the benefit you received in return. Give us a call if you have questions about deducting your charitable contributions.

As always, feel free to pass this Tip along to friends, and reach out if you need help with your personal tax and finance situation.

DiSabatino CPA
Michael DiSabatino
651 Via Alondra Suite 715
Camarillo, CA 93012
Phone: 805-389-7300
ww.sharpcpa.com

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