What is the maximum allowable monetary donation for which no goods or services are provided that requires a receipt?

The maximum allowable monetary donation for which no goods or services are provided, and that requires a receipt, is $250. This threshold is significant in the context of tax deductibility for monetary contributions. The IRS requires that for donations of this amount or more, charities must provide a written acknowledgment to the donor. This acknowledgment serves as a receipt and must include specific information, such as the amount of the contribution and a statement that no goods or services were provided in exchange for the donation. Donations below this threshold do not necessitate a receipt, as they are considered more manageable for personal record-keeping and less burdensome for charitable organizations in terms of compliance. Understanding this limit is essential for both donors and charities to ensure proper documentation and adherence to tax regulations.