May 22, 2009, Newsletter Issue #150: Expect Detailed Receipt from the Charity for Your Donations
Tip of the Week
Vehicle donations programs continue to be a popular way for Americans to give to charities, even with tighter rules for claiming deductions.
If you plan to claim at least $250 but not more than $500 as the deduction for your car donation, the charity needs to provide you with an acknowledgement for your records.
The acknowledgement must contain:
* Charity's name;
* Vehicle description.
It also must include one of the following statements:
* No goods or services were provided in return by the charity;
* Description and estimate of services provided by the charity for the donations;
* Goods and services provided by the charity were of "intangible religious benefits."
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