Donations above a certain limit are only tax-deductible if the donor has a written acknowledgement of the gift. Donors should receive written acknowledgement in the case of a:
- Single contribution of $250 or more
- Single contribution of $75 or more where goods or services were received by the donor (unless the goods were incidental, such as a coffee mug)
Written acknowledgement should include:
- Name of organization
- Amount of cash contribution
- Description (not value) of non-cash contribution
- Statement that no goods or services were provided, if that was the case
- Description and good faith estimate of the value of goods or services, if any, that an organization provided in return for the contribution
There are also special rules around donations of certain types of property, such as vehicles, works of art, conservation easements, and property valued at more than $500. You can find more information about requirements from the IRS here.
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