What must a taxpayer provide to substantiate charitable contributions exceeding $250?

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To substantiate charitable contributions that exceed $250, a taxpayer is required to obtain a written acknowledgment from the charity. This written acknowledgment serves as formal documentation that not only confirms the amount of the donation but also specifies whether any goods or services were provided in exchange for the contribution. This requirement is crucial for maintaining accurate tax records, ensuring compliance with IRS regulations, and supporting the taxpayer’s claim for deductions on their tax return.

In addition, the acknowledgment typically needs to include the name of the charity, the date of the contribution, and a statement regarding any benefits received by the donor, which helps clarify the nature of the donation for tax purposes. Overall, this written acknowledgment is essential for taxpayers to validate their charitable contributions and secure the appropriate tax benefits.