To be deductible, the contributions must actually be paid in cash or other property before the close of your tax year, whether you use the cash or accrual method. It is very important that you keep proper records of all your cash and non-cash contributions.

Rules for Deducting Cash Contributions

You cannot deduct a cash contribution, regardless of the amount, unless you keep a record of the contribution. The following rules apply:

• For individual contributions under $250, your proof can be your canceled check or your receipt, or a bank statement containing the name of the charity, the date, and the amount.
• For individual contributions of $250 or more, you must obtain a written acknowledgement Read More