Free Site Registration


Senate Unanimously Approves Bill To Speed Haiti Tax Deductions

Print
Email
Reprints
Washington, D.C. (January 21, 2010)

The Senate has unanimously passed legislation that allows taxpayers to deduct charitable contributions to aid victims of the devastating earthquake in Haiti.

Max Baucus

The bill was passed Thursday, a day after the House also unanimously approved the bill (see House Unanimously Passes Haiti Tax Deduction Bill).

The law allows U.S. taxpayers to make charitable contributions to Haiti relief programs before March 1, 2010, and claim those contributions on their 2009 income tax return. The legislation also includes a provision allowing those who text-messaged a donation the ability to use a phone bill as proof of their donation. 

The House bill, H.R. 4462, is identical to S. 2936, the Haiti Assistance Income Tax Incentive Act, legislation that Senate Finance Committee Chairman Max Baucus, D-Mont., and ranking member Charles Grassley, R-Iowa, introduced Wednesday. Senators Charles Schumer, D‐N.Y., and Kirsten Gillibrand, D‐N.Y., also worked closely with the Finance Committee leaders in developing the legislation. President Obama is expected to sign the bill this week.

“Today, Congress unanimously agreed to extend the tax deadline for charitable giving so Americans can continue to help the relief efforts in Haiti,” Baucus said in a statement.

The bill is similar to 2005 legislation to encourage Indian Ocean tsunami relief donations and allows taxpayers to deduct cash donations made to Haiti relief efforts on their 2009 tax filings.

0 Comments

Be the first to comment on this post using the section below.

Add Your Comments...

Already Registered?

If you have already registered to Accounting Today, please use the form below to login. When completed you will immeditely be directed to post a comment.

 

Follow Accounting Today
Advertisement
Advertisement

Women in Accounting: Where are the Leading Ladies?

May 17, 2013

Marcum’s Nanette Lee Miller and Janis Cowhey McDonagh sat down with managing editor Tamika Cody to discuss some of the obstacles women in the accounting profession face when trying to make their way into leadership positions.

IMA’s Jeff Thomson on the Role and Skills of Management Accountants

May 8, 2013

Institute of Management Accountants president and CEO Jeffrey Thomson discusses why accounting students should consider management accounting as a career, and the IMA's partnership with John Wiley & Sons.

Breaking out of Molds to Get Ahead

May 6, 2013

ConvergenceCoaching partner Jennifer Wilson talks with Accounting Today senior editor Danielle Lee about how female accountants can position themselves better for a promotion at their firms.

Advertisement

SLIDE SHOW

Top 10 Tech Initiatives -- 2013

May 5, 2013

The AICPA's annual list of IT priorities for accounting firms.

Tax Stats: May 2013

April 30, 2013

Our monthly collection of statistics from the world of tax.

10 Biggest Estate Planning Mistakes

April 29, 2013

Help your clients avoid these common pitfalls.

Common E-mail Security Mistakes

April 23, 2013

These five bad habits can make your confidential information -- and that of your clients -- easy to steal.

The Art of the Tax Cartoon

April 9, 2013

A selection of tax cartoons from Philly tax firm Drucker & Scaccetti's 'Finding Humor in Taxes' exhibit.

Advertisement
Advertisement
Advertisement