Donation receipts are important! Here's how to create donation receipts your donors (and the IRS) will love.The receipt they handed me just had "2 bags, clothes" listed on it. As the donor, apparently I am supposed to fill in the value. This receipt is issued to individuals who have donated cash or payment, personal property, or a vehicle and seek to claim the donation as a tax deduction. 501(c)(3)s have to follow a few guidelines when giving or receiving donations. There's a ton of resources online to ensure you're nailing every single one. For each of the tax credits, you must obtain a receipt of payment from the qualified organization. For you to take it as a tax credit, it is important that you make the initial donation correctly. By completing this form you understand the federal law provides that clothing and household goods must be in "good used condition or better" for tax deductions.