Deduct Haiti Charitable Donations on 2009 OR 2010 Taxes

This just in from a financial blog I follow.

The millions of Americans who have donated money to the earthquake relief efforts underway in Haiti will be able to claim an itemized tax deduction on their 2009 tax returns, when a bill passed by the U.S. House of Representatives and the Senate becomes law.

H.R. 4462 gives taxpayers the option of claiming charitable contributions for relief in Haiti on either their 2009 or 2010 tax returns, so long as the contribution is made before March 1, 2010. In addition, the bill allows taxpayers to use a telephone bill as proof of donations made via a text message.

In the PR announcement, they also warn of scams. As you might expect, there are many that are trying to take advantage of such a tragic situation.

Click the image above to read the blog post.

Thanks To Bob at Prudent Money