Congress Passes Early Tax Deduction for Haiti Relief Donations

by

Via Bloomberg

On Thursday, January 21, 2010, the Senate unanimously passed the Haiti Assistance Income Tax Relief Act, which was identical to the House bill passed on Wednesday.  The president is expected to sign the bill into law this week.

The act allows taxpayers to deduct contributions made for the relief of victims of the January 12, 2010 Haiti earthquake on their 2009 tax returns instead of their 2010 returns.  The contributions must be made after January 11, 2010 and before March 1, 2010 to be eligible for accelerated deduction.

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