You Choose: Donations to Haiti Relief Efforts Can Count Towards 2009 Or 2010 Taxes
February 4, 2010
On January 22, a law was passed allowing those who give/gave to U.S. charities providing services to Haiti between Jan 11, 2010 and March 1, 2010 the option of deducting these contributions on their 2009 or 2010 returns, but not both.
To qualify, you must have made a cash (via text message, check, credit card, or debit card) contribution to a qualifying U.S. charity. Donations to (most) foreign organizations are ineligible for this or any future deductions. To get a tax benefit, you must itemize your deductions on Schedule A. Those who claim standard deductions, including short-form filers, are not eligible.
As with any charitable donation, you must keep records, such as bank records, canceled checks, or a receipt from the charity. For donations made via text message, a telephone bill with the name of the organization and amount of the donation will suffice.
For more information, please contact your PerelsonWeiner partner.