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).
And I mentioned in that email, there are rumors that said people would be able to take a deduction for donations to Haiti on this year’s (2009) tax return – instead of having to wait until you file your 2010 tax return. Obviously this could be quite an reason to donate 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!
As it turns out, the rumors I was hearing and that you possibly have read are TRUE! On January 22nd, the IRS adopted a certain tax relief policy that will allow 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 to your 2010 tax return instead, just in case you did not want to take advantage of this wonderful incentive to assist the world community.
The inhabitants of Haiti are hurting quite a bit. These kinds of disasters are totally unavoidable, and are well, devastating. Earthquakes and other types of environmental disaster cause vast amounts of carnage and widespread loss of homes. Entire families do not have access to food or clean water. In many cases these families do not even have any sort of stable living environment without the help 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 donations, and I am positive every one of the struggling people in Haiti would appreciate it to!
Stay tuned for more articles and information regarding tax season, taxes, and Haiti!
