A new law was signed on January 22, 2010 by President Obama that allows charitable contributions made for Haiti earthquake relief to be deducted on 2009 tax returns. To qualify, the donations must be cash donations (which includes payments by check, credit card, debit card, paypal, text message, and money order).
General rules for claiming charitable contribution deductions still apply. The donations must be to an IRS approved charity, receipts need to be obtained, and taxpayers must itemize their deductions on Schedule A.
Contributions qualify if they are made after January 11, 2010 and before March 1, 2010. IRS has emphasized that taxpayers can chooose either 2009 or 2010 but not both.
General rules for claiming charitable contribution deductions still apply. The donations must be to an IRS approved charity, receipts need to be obtained, and taxpayers must itemize their deductions on Schedule A.
Contributions qualify if they are made after January 11, 2010 and before March 1, 2010. IRS has emphasized that taxpayers can chooose either 2009 or 2010 but not both.
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