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Author: Janus20 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: What about payroll deposit charitable donations? Date: 12/16/1998 11:09 AM
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My company allows me to contribute to the United Way through automatic payroll deposits. This is the first year I have done this and I was wondering do I need to prove this deduction to the IRS? The deduction is not over $250. Will I need a receipt of some kind to prove this.
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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 7275 of 121061
Subject: Re: What about payroll deposit charitable donati Date: 12/16/1998 7:51 PM
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[[My company allows me to contribute to the United Way through automatic payroll deposits.]]

Good for you, Janus. Good for you!!

[[ This
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...
TMF Taxes
Roy

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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 7276 of 121061
Subject: Re: What about payroll deposit charitable donati Date: 12/16/1998 7:52 PM
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Recommendations: 0
[[My company allows me to contribute to the United Way through automatic payroll deposits.]]

Good for you, Janus. Good for you!!

[[ This
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...
TMF Taxes
Roy

Want to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. There is still time available to do that tax planning (and tax saving) before the end of the year. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Pay special attention to the "archives" section. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.

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