Taxpayers making cash donations to the Haiti relief efforts are eligible for tax deductions this year, said Internal Revenue Service spokesman Mark Green.
The IRS announced that itemized charitable donations to assist earthquake victims can be recorded on either the 2009 or 2010 tax returns, depending upon personal preference. This special tax relief provision was enacted Jan. 22 and applies to donations made in 2010 after Jan. 11 and before March 1. The donations include contributions made by text message, check, credit card or debit card. It does not include property or goods donations.
“This means you can receive an immediate tax benefit, rather than having to wait until you file next year’s return,” said Green.
Taxpayers must itemize their deductions on Schedule A; those who claim the standard deduction, including short-form filers, are not eligible, Green said.
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