H&R Block is helping taxpayers account for donations to Haiti relief | Mount Pleasant, South Carolina

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H&R Block is helping taxpayers account for donations to Haiti relief

Wednesday, February 03, 2010

H&R Block is helping taxpayers who have done their parts to support relief efforts in Haiti after the latest natural disaster. A new law just signed allows these taxpayers to deduct that cash donation on their 2009 tax returns

'Allowing tax deductions for those who have opened their wallets for Haiti's recovery is great news for taxpayers, but it does come with some important caveats to remember,' said Jamiel Kadri, tax professional at H&R Block's Wando Crossing Office in Mount Pleasant. 'Most importantly, the deductions are only available for taxpayers who itemize their deductions, and the contribution must have been made by Feb. 28.

The key provisions of the bill are as follows:

The contribution must be made from Jan. 12 to Feb. 28.

The contribution must be made in cash for the relief of victims in areas affected by the earthquake in Haiti on Jan. 12 to a U.S. charitable organization that is allowed to receive deductible donations. Visit the charities section of IRS.gov.

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