Each year items are donated to charity, did you know that in certain circumstances you can receive a tax deduction for your donations. 

Planning Tip: Most cell phones today can take pictures. Take a picture of all items donated. Keep the electronic pictures for proof the items were in good or better condition at the time they were donated.

Recordkeeping Rules for Charitable Contributions

To help substantiate a deduction for the fair market value of used items donated to charity, make a list of each item donated on a separate sheet of paper along with the following information. • Name and address of charity. • Date items were donated to the charity. • Description of each item donated. • Fair market value of each item at the time they were donated (see the list on this page). • Date each donated item was originally purchased or acquired. • Cost or other basis of each item donated.

For a guide to the fair market value of your donations and to help you keep track of the value of your donated items download this handy guide.

Mindy Kiliszewski, CPA

​(616) 920-0987