Give to Help Haiti Today – Receive Immediate Tax Deduction on 2009 Return
In a recent email news post 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).
I said in the email that there were rumors that said people would be able to make a deduction for contributions to Haiti on this year's (2009) tax return – rather than having to wait until you do your 2010 tax return. Certainly this could be a huge reason to donate for people who wanted to donate a part of their wealth to the victims of disaster in Haiti to assist them in getting 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 rumors I heard and that you could have read are TRUE! On January 22nd, the IRS adopted a certain tax relief provision that will allow donations for the Haiti relief made after January 11, 2010 and prior to March 1, 2010, will be deducted on your 2009 tax return. Or, you could choose to take the deduction on your 2010 tax return instead, just in case you didn't want to take advantage of the wonderful incentive to assist the world community.
The people of Haiti are hurting quite a bit. Earthquake disasters cannot be avoided, and are well, disastrous. Earthquakes and other types of environmental disaster cause huge amounts of destruction and homelessness. Entire families do not have access to food or clean water. In most 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'm sure all of the struggling people in Haiti would appreciate it to!
Stay tuned for more articles and information regarding tax season, taxes, and Haiti!
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