Now It's Harder To Deduct Charitable Contributions

Religion News Service reported yesterday that new Internal Revenue Service requirements that became effective on January 1 will make it more difficult for taxpayers to deduct contributions placed anonymously in the church collection basket. The requirements, contained in the Pension Protection Act of 2006, Sec. 1217, call for a cancelled check, bank record, credit card record or receipt from a charity in order to claim an amount as a charitable deduction. In the past, personal records were sufficient to document the contribution if it was under $250. The IRS explained the new rules in a December news release.