Wednesday, January 27, 2010

Haitian Charitable Deduction Benefit

I had just posted an article on the changes in tax laws for 2009 when "Pop!" here comes another one courtesy of Congress: Haitian Relief Donations.

Individuals and businesses will be allowed to take a deduction for donations given to charities providing relief to the victims of the earthquake in Haiti. Any donations contributed through February 28th can be deducted either on your 2009 or on your 2010 return.

See your trusted advisor or tax professional for guidance.

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