Recordkeeping for contributions made through payroll deductions

Essential Recordkeeping Tips for Payroll Deduction Contributions

To satisfy stricter substantiation requirements for charitable contributions that were enacted by P.L. 109-280 and are now reflected in Code Sec. 170(f)(17), IRS stated that for contribution through payroll deduction, employer-furnished document (pay stub, Form W-2) and pledge card from donee org will be treated as “written communication from donee" that meets Code Sec. 170(f)(17) requirements. Enhanced substantiation rules apply to contributions made in tax years beginning after 8/17/2006, and taxpayers can rely on this guidance until it is incorporated into future regs. ( Notice 2006-110, 2006-51 IRB )

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