In order to encourage donations to Haiti, the U.S. Government recently announced that you are able to deduct taxes on cash donations to a list of approved IRS charitable organizations for the 2009 tax calendar year in addition to the 2010 tax calendar year (you usually can only deduct in the year that you donate).
Here are the details on deducting donations to Haiti:
Only cash contributions made to these charities after Jan. 11, 2010, and before March 1, 2010, are eligible. This includes contributions made by text message, check, credit card or debit card.Additionally, you must follow standard tax deduction procedure and itemize your deductions on a Schedule A.
The IRS has an approved charitable donation finder on their site. Any Haiti donation to one of these charities would apply.
If you’re looking for more on itemizing charitable donations on your tax return, check out IRS Publication 526. Also, check out my recent post on itemizing your taxes.
What charities have you donated to for Haiti relief? Why did you pick these charities?
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You May Also Find the Following Articles of Interest:
How to eFile your Taxes
The Happy Act Tax Deduction
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