Learn how to easily create your donation receipts and the best practices to follow in writing a great one. Today we're going to dive into the topic of tax receipts and donation acknowledgement letters.Generally, you may deduct up to 50 percent of your adjusted gross income, but 20 percent and 30 percent limitations apply in some cases. We've created this stepbystep guide on everything you need to know about creating a donation receipt letter for tax purposes. That said, we do not use a report. We write a personal thank you letter, sharing the impact their donations have had and listing the donations.