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A donation receipt is a document that details cash or property donations made to a charitable organization or cause. It serves as proof for taxpayers to claim deductions on their tax returns. This video covers essential information about donation receipts, including their content and where to find official templates. A donation is defined as a gift to a charitable cause, typically regarded as tax-deductible by the IRS if made to non-profit groups, institutions, or funds. However, contributions to political campaigns or civic groups do not qualify. Common types of donations mentioned include those to charitable organizations, religious entities, and educational institutions.
