A few days ago in a email news item I made reference to the fact that the Haiti disaster 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 are rumors that said people would be able to make a deduction for contributions to Haiti on the current year’s (2009) tax return – instead of having to wait until you do your 2010 tax return. Certainly this would be quite an reason to donate for people who wanted to donate money 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!
Well, the rumors I was hearing and that you may have heard are TRUE! On January 22nd, the IRS adopted a certain tax relief provision that allows 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 could choose to put the deduction to your 2010 tax return instead, just in case you did not desire to take advantage of this wonderful incentive to help the world community.
The inhabitants of Haiti are hurting quite a bit. These kinds of disasters cannot be avoided, and are well, disastrous. Earthquakes and other types of natural disaster cause huge levels of carnage and widespread loss of homes. Entire families don’t have access to food or clean water. In many cases these families do not 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 greatly appreciate the added effort, 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!
