BPM: 'Haitian Relief Contributions Now Tax-Deductible'

Posted by Teresa Bockwoldt on January 25, 2010

Our busines partner, Burr Pilger Mayer, sent out a nice article today regarding contributions to Haitian Relief and their tax eligibility.  Here is an excerpt from their article: 

"On January 22, President Obama signed into law H.R. 4462, a bill that allows donors to accelerate the income tax benefits of charitable cash contributions for the relief of victims of the earthquake in Haiti.

The bill allows individuals who make charitable contributions to aid Haitian earthquake victims to elect to claim an itemized charitable deduction on their 2009 tax return (instead of having to wait until next year to claim the deductions on their 2010 tax return). The election applies only to Haitian relief contributions made in cash after Jan. 11, 2010, and before Mar. 1, 2010."

For a the full article and a list of FAQs about the Act, click this link.

Tags: Tax Information