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During tax season, providing a prompt and easily accessible 501(c)(3) receipt is crucial for maintaining strong donor relationships, ensuring IRS compliance, and facilitating smooth organizational operations. A donation receipt serves as written acknowledgment of a legal donation made to a registered 501(c)(3) tax-exempt organization in the U.S. This allows donors to legitimately reduce their annual income tax. It's essential to follow best practices by sending the receipt within 24 to 48 hours of the donation. Additionally, a receipt is required for single donations exceeding $250, especially if the donor receives goods or services in return.
