Tuesday, February 16, 2010

Haiti Contributions are deductible for 2009 tax returns


Taxpayers may claim a charitable contribution deduction in tax year 2009 for cash donations made before Mar. 1, 2010, for the relief of victims of the Jan. 12, 2010 earthquake in Haiti. The contributions must be made specifically for the relief of victims in areas affected by the Jan. 12 earthquake in Haiti. It appears that only contributions fully earmarked for the Haiti earthquake relief qualify for the election.
Paul Thorstenson, Tax Partner

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