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Bill allowing deduction of 2010 Haiti contributions in 2009 passes

January 22, 2010

The Senate has passed HR 4462, the bill allowing taxpayers to deduct 2010 cash contributions for Haiti relief on 2009 returns. The president will sign it quickly. Kay Bell has details.

Remember, you can deduct your 2010 Haiti gifts on either your 2009 or 2010 returns, but not both. And Iowa is unlikely to conform, so if you deduct a 2010 Haiti gift on your 2009 federal 1040, expect to wait until 2010 for your Iowa deduction.

Russ Fox has more.

Tags: Haiti.