Tax Tip: Letters of Acknowledgment
April 4, 2023
The IRS requires you to get a written letter of acknowledgment from the charity for cash or property donations over $250. It must include the amount of cash you donated, whether you received anything from the charity in exchange for your donation, and an estimate of the value of those goods and services. You must receive the letter of acknowledgment by the date you file your taxes for the year you made the contribution.