Tax News IRS Announces Immediate Tax Benefits for Contributions to Philippines Typhoon Relief Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxBlogTeam Modified Aug 23, 2019 Today, the IRS announced that taxpayers who made cash donations for Philippines typhoon relief on or after March 26, 2014 and before midnight on Monday, April 14, 2014, can get an immediate tax benefit when claiming the donation on their 2013 return. If you’re thinking of giving back, it’s not too late. Similar to the accelerated relief provided to Haiti following the January 2010 earthquake, this provision only applies to charitable cash donations for relief related to Typhoon Haiyan victims. Donations can be claimed on taxpayers’ 2013 or 2014 tax returns, but cannot be claimed twice. Contributions made by text message, check, credit card or debit card qualify for this special option. Donations charged to a credit card before midnight on April 14, 2014 are eligible contributions, even if you do not pay the credit card until after that date. Donations by check are also eligible if they are mailed by April 14. For more information, check out the IRS newsroom announcement. To see how you can help the Philippines typhoon victims, visit the American Red Cross or see this list of charities from the New York Times. Written by TurboTaxBlogTeam More from TurboTaxBlogTeam Browse Related Articles Tax Refunds How to Use Your Tax Refund to Boost Your Retirement Sav… Life Listen Now: So You’re Buying a Car? Self-Employed 1099-K Myths: Venmo & PayPal Payments Life Listen now: So you want to be rich? Tax Refunds How to Turn Money Into More Money Life Listen now: So you’re buying a home? Family So You’re Living Together? Tax Planning Did You Miss the Tax Deadline? 3 Steps You Can Take Nex… Tax Planning Tomorrow is the Tax Deadline: 7 Things You Need to Know… Self-Employed Do Creators Pay Taxes on Money Earned? 3 responses to “IRS Announces Immediate Tax Benefits for Contributions to Philippines Typhoon Relief” […] IRS Announces Immediate Tax Benefits for Contributions to Philippines Typhoon Relief […] Reply Thank you for posting this. It gave me a lot of information about the Tax Benefits for Contributions to Philippines Typhoon Relief Reply But yet us waiting since 2/6 are still waiting without any relief or answers.. so if I donate can you finish my refurn and issue my refund asap. Reply Leave a Reply Cancel reply
Thank you for posting this. It gave me a lot of information about the Tax Benefits for Contributions to Philippines Typhoon Relief Reply
But yet us waiting since 2/6 are still waiting without any relief or answers.. so if I donate can you finish my refurn and issue my refund asap. Reply
