Tuesday, January 19, 2010

2009 Tax Deduction for Haiti Earthquake Donation

A charity contribution tax deduction may be possible on 2009 tax returns for donations to 501(c)(3) nonprofit organizations providing relief to the Haiti earthquake victims, even though the donations are made in 2010. Leaders in congress have made it known that they intend to introduce legislation to make this tax law change. Similar tax rules were made for January of 2005 donations to charity organizations helping victims of the Dec. 26, 2004, Indian Ocean tsunami.