I have donated $5 a week to a local religious organization this year. Do I need a receipt?

Yes. Beginning in 2007, you need a receipt for all money donations, even small amounts. The Pension Protection Act of 2006 requires you to have proof of every money donation that you make—either a receipt or a written acknowledgement from the charity—to claim a deduction for that donation on your tax return. The receipt or written acknowledgement must show the charity’s name, the date, and the amount of the donation.

The best way to keep track of this type of donation is to enter a recurring donation in DeductionPro.