Senate Votes For Faster Tax Breaks For Haiti Gifts

The Senate has passed a bill allowing taxpayers to write off donations to Haiti earthquake relief efforts when they file their 2009 taxes this spring.

The bill, passed by voice vote, now goes to President Barack Obama for his signature. Obama has enlisted two former presidents -- George W. Bush and Bill Clinton -- to help raise money for quake victims.

Under current law, donors would have to wait until they file their 2010 returns next year to take the deductions. The bill would allow donations made by the end of February to be deducted from 2009 returns.

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  • by neigh Location: Pitt on Jan 22, 2010 at 09:42 AM
    Remember many moons ago when taxpayers could count the interest off of their credit cards. Wouln't that help alot of people out with the way the economy is right now? We need something to help the people out and you can believe that most families have a(several) credit card(s).
  • by James Location: New Bern on Jan 22, 2010 at 06:26 AM
    I think this is great but why can't the senate fix existing bills. Year after year they keep passing new laws, new restrictions, new regulations, more burden on the tax payers. Some may be justified, but I can't see how we need this many laws passed year after year after year. Fix existing laws that need changing or even better, come up with ways to cut spending and lower our taxes.

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