1. A method for tracking charitable donations, said method comprising the steps of: storing in memory data indicative of one or more donations and a tax deductible valuation associated with each said donation for a current tax year and at least one previous tax year; prompting a user to select one or more of said donations that has been charitably donated in one of said tax years and to indicate the tax year in which the selected donation was donated; retrieving the tax deductible valuation associated with said selected donation for the indicated tax year from memory; and storing said selected donation, indicated tax year and retrieved tax deductible valuation in said memory in association with each other.