In a recent email news post I made reference to the fact that the Haiti disaster 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 donations to Haiti on this year’s (2009) tax return – rather than having to wait until you file your 2010 tax return. Certainly this could be quite an incentive for people who desired to donate a part of their wealth 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 Preparation needs!
As it turns out, the rumors I heard and that you could have heard are TRUE! On January 22nd, the IRS adopted a special tax relief provision that will allow donations for the Haiti relief made after January 11, 2010 and before March 1, 2010, will be deducted on your 2009 tax return. Or, you can choose to put the deduction to your 2010 tax return instead, just in case you didn’t want to take advantage of this wonderful incentive to help the world community.
The people of Haiti are hurting very badly. These kinds of disasters cannot be avoided, and are well, disastrous. Earthquakes and other types of natural disaster create huge amounts of carnage 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 other countries’ efforts (funded by donators like you!). Do your part today and donate whatever you can to help the people of Haiti. I would certainly appreciate the extended effort, and I’m 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!
Comments on this entry are closed.