Tsunami donation = 2004 tax break

Keep those receipts for your donations, they’ll help you too …

President Bush signed legislation on Jan. 7 that will allow American taxpayers to claim a deduction for cash donations for the Asia tsunami disaster relief made by Jan. 31. The new law will give taxpayers the option of deducting the contributions on either their 2004 or 2005 returns, but not both.

More info here.

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