A few days ago in a 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 are able to take a deduction for donations to Haiti on this year’s (2009) tax return – instead of having to wait until you do your 2010 tax return. Certainly this could be a huge reason to donate for people who desired to donate a part of their wealth 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 Preparation needs!
Well, the suggestions I heard and that you could have heard are TRUE! On January 22nd, the IRS adopted a special tax relief policy that will allow contributions for the Haiti disaster made after January 11, 2010 and prior to March 1, 2010, will be taken from your 2009 tax return. Or, you can choose to take the deduction on your 2010 tax return instead, on the chance that in case you didn’t desire to take advantage of the wonderful incentive to help those in need.
The people of Haiti are hurting very badly. Earthquake disasters cannot be avoided, and are well, disastrous. Earthquakes and other forms of environmental disaster create vast levels of carnage and homelessness. Entire families do not have access to food or clean water. In most cases these families don’t 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 certainly appreciate the extended donations, and I’m sure all of the struggling people in Haiti would appreciate it to!
Stay tuned for more articles and information regarding tax season, taxes, and Haiti!
