Archive for January 22, 2010

Donations for Haitian relief deductible on 2009 tax returns

People who make donations for relief of the Haitian earthquake crisis may claim deductions on their 2009 federal income tax returns. Under normal circumstances, these deductions would apply to 2010 tax returns filed in 2011. However, the U.S. Congress has passed House Resolution 4462, which makes charitable contributions for Haitian relief before March 1, 2010, eligible as deductions on returns filed this year.

To claim Haitian relief contributions as deductions on 2009 income tax returns, use Form 1040, Schedule A, Itemized Deductions.

For 2009 Louisiana income tax returns, the state allows 100 percent of excess itemized deductions as a reduction to Federal Adjusted Gross Income. This means that any Haitian relief contributions that were reported as itemized deductions will also reduce taxable income on Louisiana Resident Individual Income Tax Return Form IT-540 and Nonresident or Part-Year Resident return form IT-540 B.

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