Haiti Relief Update: Deduct Donations on Your 2009 Tax Return

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As if the photos and videos of earthquake-torn Haiti weren't enough incentive to donate generously to relief efforts, the U.S. Congress is offering Americans another one: A tax deduction on their 2009 returns. The Senate approved a bill passed yesterday in the House that would allow taxpayers to deduct charitable donations made after January 11 and before March 1, 2010 on their 2009 tax returns. (They can also can opt to deduct the donations from their 2010 return instead.) Read more...

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