Update – Haitian Donation Bill Passes

By January 22, 2010 Individuals

The Haitian donation bill in the Senate has passed making contributions to Haiti relief between January 12 and February 28 of this year deductible on your 2009 tax return.

Contributions made to Haiti relief efforts can be reported on your 2009 tax return as an itemized charitable contribution on Schedule A.  This includes contributions made through the popular method of texting “Haiti” to 90999, which sends an automatic $10 contribution to the Red Cross.  You can use your phone bill as verification of the contribution.

Your Haitian donation bill contribution will be deducted on schedule A of your 1040, in your itemized deductions.   Itemized deductions are typically taken when they exceed your standard deduction, which is $11,400 for joint filers, $8,350 for heads of household, and $5,700 for single or separate filers.  If your adjusted gross income exceeds $168,800 ($83,400 if married and filing separate), your charitable deductions will be limited.  Also, your deduction is limited to 50% of your total adjusted gross income.