New legislation signed by President Obama on January 22, 2010 providing immediate tax deductions for Haiti Charitable Contributions.
This legislation will allow taxpayers to receive the tax benefit from donations made to the Haiti effort in this tax season, rather than having to wait until they file their 2010 tax returns next year. Specifically, cash donations to charities for the Haitian relief effort given after January 11 and before March 1 of this year may be treated as if the contribution was made on December 31 of last year so that the contribution can be deducted from 2009 income. This measure applies to monetary donations, not goods or services.
However, as usual, you must itemize deductions to deduct any charitable contributions.
One way to contribute is the Clinton Bush Haiti Fund. To donate, visit ClintonBushHaitiFund.org or text “QUAKE” to 20222 to charge a $10 donation that will be added to your cell phone bill. To learn more about the situation in Haiti and what you can do to help, visit WhiteHouse.gov/HaitiEarthquake.
