
Change in IRS Regulations relating to Church Contributions Due to recent changes in the tax laws, beginning with contributions made in 2007, parishioners who itemize deductions on their tax returns will no longer be able to deduct contributions to the parish (or any other non-profit or charity) unless they maintain a bank record or written contribution statement from the parish or other charity. If you wish to ensure deductibility of your contributions to the parish, please use a check or maintain a copy of a statement showing a direct deposit taken from your account and provided to the parish. You can also use our parish envelopes. The parish will track contributions made using those envelopes and will, upon request, produce a written statement of contributions made during a given tax year. Canceled checks and other bank records are also sufficient documentation. The parish cannot track cash or check contributions not made via our envelopes.
January 5, 2007 |
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