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William J. Bassow CPA, CFP®, CLU®, CASL ®, Grand Haven, MI

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Chattanooga TN CPA Accounting - Kanerva CPA

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Your CPA Friend - Home

Can I Deduct the Gifts I Make to Charity? There are, of course, a few rules and limitations for charitable contributions:. For any individual donation greater than $250, the IRS requires that you maintain (on file) an acknowledgment from the donee organization indicating that the donation was received and nothing of value was given in exchange for the donation. Since this is on a per gift basis, if you give several gifts for under $250, the aggregate may be over $250, but no acknowledgment is required.

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