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Old 02-26-2007, 05:40 PM
catlinye_maker catlinye_maker is offline
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Default Re: charitable donations for 2007

By my understanding, for money gifts under $250, cancelled checks and or credit card statements do count as receipts. Banks will still provide copies of cancelled checks on request, if needed.

The real change in the law is in gifts of goods; the value of the donation needs to be determined by the charity with a receipt, not by the giver. I know that my local charities all used to give blank receipts so that you could fill in your own valuation; they would in fact refuse to give you one with their valuation on it. The local library refused to give anything other than a generic "thank you for donating books" postcard. If I want to claim those donations going forward, I'll need to get them to cough up a receipt showing the value of the donated goods.
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