Charitable giving of between $75 and $250

If the charitable contribution exceeds $75 and you receive benefits, you must be given a disclosure statement (not acknowledgement statement) from the charity estimating the value of any benefits you received in return for the donation. If you make a charitable giving of $75 to $250, the proof of charitable contributions you need for the IRS is:

Cash charitable contributions

• a cancelled check or a dated receipt from the charity, AND
• a disclosure statement from the charity estimating the value of any benefits you received in return for the donation (if you receive benefits in return for your charitable contributions)

Property charitable contributions

For a property charitable giving, your receipt should contain a description of property. You should keep records showing the air market value of the property and your cost basis.

• a cancelled check or a dated receipt from the charity, AND
• a disclosure statement from the charity estimating the value of any benefits you received in return for the donation (if you receive benefits in return for your charitable contributions)

Note: if you received benefits from your charitable contributions such as concert tickets or books, you can only tax deduct the charitable contribution values in excess of the value of the benefits you receive, providing you make charitable contribution of more than $75. The exceptions are Token items and certain membership benefits.