IRS Allowing 2004 Deductions for January 2005 Tsunami Charity

The Internal Revenue Service has announced that charitable deductions made for tsunami relief efforts in January 2005 are tax-deductible for 2004.

As tax season approaches, remember that you can deduct on your 2004 federal taxes any "charitable donations made during Jan. 2005 for relief of the victims of the Indian Ocean Tsunami".

The IRS originally released this bulletin to encourage more giving, but it is a good reminder as tax season starts.

posted by Consumer Help Web Editorial Team at 2:29 PM |