Lawmakers Vote For Faster Tax Breaks For Haiti Contributions
WASHINGTON, D.C. – The U.S. Senate passed a bill on Thursday that would let taxpayers claim deduction on their 2009 returns for donations made to Haiti earthquake relief efforts.
President Barack Obama is expected to sign the bill into law.
The bill would let taxpayers take deductions on their 2009 returns for contributions made before the end of February. Under current law, they would have to wait until they file their 2010 returns next year to gain the benefit. Only taxpayers who itemize will be able to claim a deduction for charitable giving.
“We understand that despite the overwhelming desire to help the people of Haiti recover, family budgets are tight and these are not the easiest of times for many to donate,” said Sen. Robert Menendez (D-NJ). “This legislation will help ensure that those who do give money and goods will receive immediate tax relief. Hopefully, this will both relieve pressure on family budgets here in the United States and help our neighbors in Haiti put their lives back together.”
“This tax break will inspire more donations and even greater charity for those struggling with devastation in Haiti,” said Sen. Frank Lautenberg (D-NJ) .
