Give to Relief in Haiti - Receive Immediate Deduction on 2009 Tax Return
In a recent email news post I made reference to the fact that the natural disaster that occurred in Haiti is currently a qualified disaster according to the IRS (http://www.irs.gov/newsroom/article/0,,id=218615,00.html).
I said in the email that the IRS was rumoring that people are able to make a deduction for donations to Haiti on the current year’s (2009) tax return - rather than having to wait until you file your 2010 tax return. Obviously this could be a huge incentive for people who wanted to give money to the victims of disaster in 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!
As it turns out, the suggestions I was hearing and that you possibly have read are TRUE! On January 22nd, the IRS adopted a special tax relief policy that allows donations for the Haiti disaster made after January 11, 2010 and before March 1, 2010, will be taken from your 2009 tax return. Or, you can choose to take the deduction to your 2010 tax return instead, on the chance that in case you didn’t desire to take advantage of this great incentive to help the world community.
The people of Haiti are hurting quite a bit. These kinds of disasters are completely unavoidable, and are well, devastating. Earthquakes and other forms of environmental disaster create vast levels of destruction and homelessness. Entire families are without food or clean water. In many cases these families do not even have the capability to acquire any level of stable living environment without the assistance of relief organizations (funded by donators like you!). Do your part right now and donate whatever you can to assist 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!