August 10, 2007, Newsletter Issue #74: Donation Due Diligence: Get Receipts

Tip of the Week

It's better to be safe than sorry, and you will need documentation for tax purposes. Ask for the organizations to which you donate for a receipt showing the amount of the contribution and stating that it is tax deductible.

If you received any principal in return for your donation, or if you donated material goods, make sure that the amount that is tax deductible is also provided on the receipt.

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