Give to Haiti – Get Immediate Tax Deduction on 2009 Tax Return
In a recent email news item I made reference to the fact 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 make a deduction for donations to Haiti on the current year’s (2009) tax return – rather than having to wait until you file your 2010 tax return. Obviously this would be a huge reason to donate for people who desired to give a part of their wealth 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 suggestions I was hearing and that you could have heard are TRUE! On January 22nd, the IRS adopted a special tax relief policy that allows donations for the Haiti disaster made after January 11, 2010 and before March 1, 2010, will be deducted on your 2009 tax return. Or, you could choose to take the deduction to your 2010 tax return instead, on the chance that in case you did not desire to take advantage of the great incentive to assist those in need.
The inhabitants of Haiti are hurting quite a bit. Earthquake disasters cannot be avoided, and are well, devastating. Earthquakes and other types of environmental disaster create huge amounts of destruction and widespread loss of homes. Entire families do not have access to food or clean water. In most cases these families do not even have the capability to acquire any level of stable living environment without the help of relief organizations (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 extended donations, and I’m sure 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!
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