Can I deduct a charitable contribution if I received a benefit from it?
Updated: 1/21/2013
Article ID: IAS10173
If you receive benefits from a charitable contribution you can deduct the amount of the contribution that exceeds the fair market value of any goods or services received. You can deduct the full amount of the contribution if you actively refuse any benefit. For gifts over $75 the charity must make a good faith estimate of the fair market value of goods and services you receive and must provide a statement showing the deductible amount.