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A donation receipt is a document that outlines the details of cash or property donations made to a specific cause or organization. It serves as proof of charitable contributions for individual taxpayers seeking tax deductions. This video covers essential information about donation receipts, including their content and where to obtain an official template. A donation is defined as a gift, either cash or property, to a charitable organization, and these contributions are typically tax-deductible according to the IRS. In contrast, donations to political campaigns or civic groups generally do not qualify for tax deductions. Common types of donations include contributions to various charitable organizations, religious entities, and educational funds.
