{"id":636,"date":"2017-10-26T11:38:24","date_gmt":"2017-10-26T11:38:24","guid":{"rendered":"http:\/\/www.irstaxapp.com\/?p=636"},"modified":"2017-10-26T11:45:37","modified_gmt":"2017-10-26T11:45:37","slug":"what-donation-receipt-or-record-of-charitable-contribution-must-be-kept-for-claiming-tax-deduction","status":"publish","type":"post","link":"https:\/\/www.irstaxapp.com\/what-donation-receipt-or-record-of-charitable-contribution-must-be-kept-for-claiming-tax-deduction\/","title":{"rendered":"Record of Charitable Contribution is a Must for Claiming Deduction !"},"content":{"rendered":"

\"record <\/picture><\/a>Records of charitable contribution like donation receipts etc. are a prerequisite for allowance of tax deduction against your charity donation . In earlier post , it was explained that readers should note 7 important points related to tax deduction on account of donation to charity organization <\/a>. Then it was also explained that in general charity donation will not give you tax deduction on Schedule C<\/a> i.e self employed business profit. Now , let us come to one of the most important procedural aspect of claiming tax deduction for charitable contribution- maintenance of records.<\/p>\n

Record of Charitable Contribution in Cash\/Bank\/ Credit Card<\/h2>\n

You need to maintain following records , if you contributed cash to any charity organization<\/p>\n

1) Bank Record –<\/strong>such as canceled check or bank statement, or Credit card statement if paid through credit card.
\nMust show date, amount of contribution, and organization name<\/p>\n

2) Donation Receipt<\/strong> – Check that date, contribution amount, and organization name are clearly mentioned on it<\/p>\n

3) Payroll record<\/strong> and pledge card, if made by payroll deduction<\/p>\n

4. If cash donation is between $250 to $500<\/strong>, you need to maintain either payroll record or a donation acknowledgement letter ( donation receipt<\/em>)\u00a0 from the organization showing:<\/p>\n