A few days ago in a email news post I made reference to the fact that the Haiti disaster is currently a qualified disaster says the IRS (http://www.irs.gov/newsroom/article/0,,id=218615,00.html).
I said in the email that the IRS was rumoring that people would be able to make 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 incentive for people who desired to give a part of their wealth to the victims of disaster in 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!
As it turns out, the rumors I heard and that you could have heard are TRUE! On January 22nd, the IRS adopted a certain tax relief policy that allows contributions for the Haiti relief made after January 11, 2010 and prior to March 1, 2010, will be taken from your 2009 tax return. Or, you could choose to put the deduction on your 2010 tax return instead, just in case you did not want to take advantage of the wonderful incentive to assist the world community.
The inhabitants of Haiti are hurting quite a bit. Earthquake disasters cannot be avoided, and are well, devastating. Earthquakes and other forms of environmental disaster create huge amounts of destruction and widespread loss of homes. Entire families are without food or clean water. In many 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 assist the people of Haiti. I would certainly appreciate the added effort, and I am 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!