Give to Haiti – Receive Instantaneous Deduction on 2009 Tax Return
In a recent email news item I made the distinction 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).
And I mentioned in that email, the IRS was rumoring that people would be able to take a deduction for contributions to Haiti on the current year’s (2009) tax return – instead of having to wait until you make your 2010 tax return. Certainly this could be a huge reason to donate for people who wanted to give a part of their wealth to the people of 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 may have read 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 prior to March 1, 2010, will be taken from your 2009 tax return. Or, you could choose to take the deduction on your 2010 tax return instead, just in case you didn’t desire to take advantage of this wonderful incentive to assist those in need.
The people of Haiti are hurting quite a bit. These kinds of disasters cannot be avoided, and are well, devastating. Earthquakes and other forms of environmental disaster create vast amounts of carnage and homelessness. Entire families don’t have access to food or clean water. In most cases these families don’t even have any sort of stable living environment without the assistance of other countries’ efforts (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 effort, and I am 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!