The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: What about payroll deposit charitable donati||Date: 12/16/1998 7:52 PM|
|Author: TMFTaxes||Number: 7276 of 121180|
[[My company allows me to contribute to the United Way through automatic payroll deposits.]]
Good for you, Janus. Good for you!!
is the first year I have done this and I was wondering do I need to prove this deduction to the IRS?]]
Your final year end pay stub will most likely show your year to date contribution to the United Way via your payroll deductions. Easy.
[[ The deduction is not over $250. Will I need a receipt of some kind to prove this.]]
Nope...not at all...other than your pay stub to show that you DID give the donation.
But also remember that the $250 limitation is for any one gift at any one time. If you give $50/month for 12 months, your deduction will be $600, and you will not be in violation of the $250 limitation requirements, since each separate gift was less than $250. I just wanted to make sure that you were clear on that point.
Hope this helps...
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