Documentation Requirements

Proper substantiation is critical for claiming charitable contribution deductions. The requirements vary based on the type and amount of the contribution.

Cash Contributions

• Under $250:Bank record, receipt, or other written communication from the charity

• $250 or more:Contemporaneous written acknowledgment from the charity stating the amount and whether goods/services were provided

Non-Cash Contributions

• $250-$500:Written acknowledgment describing the property

• $500-$5,000:Form 8283 Section A with acquisition details

• Over $5,000:Qualified appraisal and Form 8283 Section B (with exceptions for publicly traded securities)

Qualified Appraisal Requirements

For contributions requiring appraisals, the appraisal must be conducted by a qualified appraiser no earlier than 60 days before the contribution and no later than the due date of the return on which the deduction is claimed.

Tax outcomes depend on facts and circumstances. This content is for educational purposes only and does not constitute tax advice. Consult a qualified tax professional for guidance specific to your situation.