Monday, January 25, 2010

Tax Deduction for Haiti Contributions

There's still a great need for financial assistance to help the victims of the Haiti earthquake. If you're considering making a financial contribution, Congress provided an extra incentive to do so before March 1, 2010:


In a whirlwind procedure, the U.S. Senate by voice vote approved legislation this afternoon to allow taxpayers who make contributions to the Haiti earthquake relief effort between January 12 and February 28, 2010, to take a deduction for those contributions on their 2009 income tax returns.

Those who have already filed their 2009 income tax return may amend to take advantage of the new deduction.


President Obama signed the bill into law one day after it passed the U.S. Senate. If you would like more information about this or any other deductions you can take when filing your 2009 income tax returns, please contact REDW's tax service team.

The information contained in this blog is not intended to be tax advice, is of a general nature, and is based on authorities that are subject to change. Application to your specific situation should be determined in consultation with your tax advisor. IRS Circular 230 Disclosure: Any tax advice in this communication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties that may be imposed on any taxpayer or (ii) promoting, marketing or recommending to another party any matters addressed herein.
TAGS: Taxes
Posted at 5:06 AM | 0 Comments | Post a comment
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