Give to Relief in Haiti – Receive Immediate Deduction on 2009 Return
In a recent email news item I made the distinction that the natural disaster that occurred in Haiti is now a qualified disaster according to the IRS (http://www.irs.gov/newsroom/article/0,,id=218615,00.html).
And I mentioned in that email, there are rumors that said people are able to make a deduction for donations to Haiti on the current year’s (2009) tax return – instead of having to wait until you make your 2010 tax return. Certainly this would be a huge incentive for people who desired to give money to the people of Haiti to help them get back on their feet! Are you feeling the pressure of today’s taxes? Right now you can get $100 off your tax return for Cary NC Tax Prep needs!
Well, the suggestions I heard and that you possibly have heard are TRUE! On January 22nd, the IRS created a certain tax relief policy that allows contributions for the Haiti relief made after January 11, 2010 and before March 1, 2010, will be deducted on your 2009 tax return. Or, you could choose to put the deduction on your 2010 tax return instead, just in case you did not want to take advantage of this great incentive to assist those in need.
The inhabitants of Haiti are hurting very badly. These kinds of disasters cannot be avoided, and are well, devastating. Earthquakes and other types of environmental disaster cause vast levels of destruction and homelessness. Entire families do not have access to food or clean water. In most cases these families don’t even have the capability to acquire any level of stable living environment without the help of relief organizations (funded by donators like you!). Do your part right now and donate whatever you can to help the people of Haiti. I would certainly appreciate the extended donations, and I am positive all of the struggling people in Haiti would appreciate it to!
Stay tuned for more articles and information regarding tax season, taxes, and Haiti!