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Regulation and Compliance > Federal Regulation > IRS

IRS Publishes W-2 Donation Record Rules

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The Internal Revenue Service has spelled out documentation requirements for workers who give to charities through payroll deduction programs.

The IRS has spelled out the new recordkeeping rules in Notice 2006-110, which explains how to implement a payroll deduction donation provision in the new federal Pension Protection Act.

Starting in 2007, a taxpayer should document the contributions by keeping pay stubs, copies of Form W-2, other documents that show the total amount withheld for payment to charity, along with a pledge card that shows the name of the charity, IRS officials write.

A copy of the notice is on the Web at Document Link


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