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Haiti Donations in Early 2010 OK For Claiming On 2009 Returns

Posted by Administrator on Feb-1-2010

The IRS announced a new tax relief for people who contributed to providing earthquake relief in Haiti. It allows contributors to get the tax advantage of the donation for their 2009 claim rather than waiting a year for the benefit.

According to the irs.gov website, only cash contributions made after January 11, 2010 and before March 1, 2010 will qualify. All cash donations made after March 1, 2010 will only be eligible to be claimed for the 2010 tax year.

To gain the benefit, you must itemize your tax deductions using Schedule A. For more information, please visit the IRS website at irs.gov.

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Archive for March 20th, 2008

Mar
20

Tax Rebate

Posted by Administrator

For those who haven’t already heard, this year there will be a nice tax rebate. In order to receive it, you must file a 2007 federal tax return.

People who earned over $3000 this year are eligible to receive up to $600 back. Married couples can receive up to $1200, and parents will receive an additional $300 for every child under 17 years of age.

People who are exempt from filing taxes must do so anyways in order to receive the tax rebate this year. To be qualified, you must also have a social security number.

Make sure to accurately file this year. There’s no point in not taking free money!

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