President Obama signs Haiti donation tax break bill
Jan 25th, 2010 by Afiya
Saturday, January 23, 2010 12:45 PM CST
According to the Associated Press, taxpayers will be able to write off charitable donations to Haiti earthquake relief efforts when they file their 2009 taxes this spring under a bill President Barack Obama signed yesterday (Fri., Jan. 22).
The measure sped through Congress, receiving final approval Thursday.
Under current law, donors would have to wait until they file their 2010 returns next year to take the deductions. The bill would allow donations made by the end of February to be deducted from 2009 returns.
A similar law was enacted in 2005 for donations to victims of the Indian Ocean tsunami in December 2004.
The White House announced this week that the president and first lady Michelle Obama donated $15,000 from their personal bank account to Haiti relief effort.
Information from the Associated Press contributed to this report.
