Mar
A few days ago in a email news post I made reference to the fact that the natural disaster that occurred in Haiti 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 do your 2010 tax return. Certainly this could be a huge incentive for people who desired to donate money 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!
As it turns out, the suggestions I heard and that you may have heard are TRUE! On January 22nd, the IRS adopted a special tax relief provision that will allow donations for the Haiti relief made after January 11, 2010 and before March 1, 2010, will be taken from your 2009 tax return. Or, you could choose to put the deduction to your 2010 tax return instead, just in case you did not desire to take advantage of this wonderful incentive to assist those in need.
The inhabitants of Haiti are hurting very badly. Earthquake disasters are completely unavoidable, and are well, devastating. Earthquakes and other types of environmental disaster create huge levels of carnage and widespread loss of homes. Entire families don’t have access to food or clean water. In most cases these families don’t even have the capability to acquire any level of stable living environment without the help of other countries’ efforts (funded by donators like you!). Do your part today and donate whatever you can to assist the people of Haiti. I would certainly appreciate the extended donations, and I’m positive all of the struggling people in Haiti would appreciate it to!
Stay tuned for more articles and information regarding tax season, taxes, and Haiti!