We've created this stepbystep guide on everything you need to know about creating a donation receipt letter for tax purposes. This step-by-step guide will help you fill out the donation tax receipt and get things in order for tax season.Donation receipts are important! Here's how to create donation receipts your donors (and the IRS) will love. The IRC cannot place a value on the items you donated, so there will be space on the receipt for you to input that information as you see fit. 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. To create a 501(c)(3)-compliant receipt with Donorbox, simply log in and use our easy template editor. To create a 501(c)(3)-compliant receipt with Donorbox, simply log in and use our easy template editor. For example, stock donations involve listing shares without valuing them while event contributions need receipts specifying tax-deductible amounts. We pickup when Oakland charities can't.