As we previously reported, Congress passed legislation making a special and temporary exception for Haiti relief. Due to this legislation, taxpayers have the option to deduct qualified Haiti disaster relief contributions made after January 11 and before March 1, 2010 on their 2009 or 2010 federal return. Donations made on or after March 1, 2010 will still be deductible when you file your 2010 tax return. However, if you would like to take advantage of the tax deduction on your 2009 return, be sure to make your qualified deduction prior to March 1, 2010.
To read more about how this planning opportunity, click here.