Muto Vollucci & Co, Ltd, certified public accountants, Rhode Island certified public accountants, Warwick certified public accountants, business consulting, tax planning, financial statements, audits

Charitable Donation Substantiation Quick Reference Guide

Type of Donation	Less than $250	$250-$500	Over $500, up to $5,000	Over $5,000
Cash	Cancelled check, receipt or other reliable written records	Acknowledgment	Acknowledgment	Acknowledgment
Noncash
a. Publicly traded stock	Receipt or reliable written records	Acknowledgment Reliable written records	Acknowledgment Reliable written records	Acknowledgment Reliable written records
b. Nonpublicly traded stock	Receipt or reliable written records	Acknowledgment Reliable written records	Acknowledgment Reliable written records	Acknowledgment Reliable written records Qualified appraisal Declaration of appraiser and donee acknowledgment (Form 8283)
c. Artwork	Receipt or reliable written records	Acknowledgment Reliable written records	Acknowledgment Reliable written records	Acknowledgment Reliable written records Qualified appraisal Declaration of appraiser and donee acknowledgment (Form 8283)
d. Qualified vehicles (motor vehicles, boats and planes)	Receipt or reliable written records	Acknowledgment Reliable written records	Special acknowledgment is required and it must be included with the tax return on which the deduction is claimed.	Special acknowledgment is required and it must be included with the tax return on which the deduction is claimed. Qualified appraisal required if deduction isn't limited to gross proceeds from vehicle's sale.
e. All other noncash donations	Receipt or reliable written records	Acknowledgment Reliable written records	Acknowledgment Reliable written records	Acknowledgment Reliable written records Qualified appraisal Declaration of appraiser and donee acknowledgment (Form 8283)
Payroll deduction	Paystub or other reliable written record	Paystub, Form W-2 or other reliable written record Documentation from charity	Paystub, Form W-2 or other reliable written record Documentation from charity	Paystub, Form W-2 or other reliable written record Documentation from charity
Out-of-pocket expenses while serving as a volunteer	Receipt, cancelled check or other reliable written records	Receipt, cancelled check or other reliable written records Acknowledgment	Receipt, cancelled check or other reliable written records Acknowledgment	Receipt, cancelled check or other reliable written records Acknowledgment