Daily Archives: January 12, 2005

2004 deduction for Tsunami Donations by end of month

Direct Link to The Captain’s campaign. As of 7:30 am CST 1/13/05 the total is $34,223.16!

From the News & Observer in NC (last three paragraphs of story):

Taxpayers may be able to deduct donations to victims of the South Asian tsunami if contributions are made to tax-exempt U.S. charities. But these organizations must have “full control and discretion over the use of such funds,” according to the IRS.

Donations to individual victims or foreign charities that do not qualify as tax-exempt under Section 501(c)(3) of the U.S. Internal Revenue Code cannot be claimed.

Taxpayers making donations through Jan. 31, 2005, to aid tsunami victims will be able to claim deductions on their 2004 tax returns under legislation the House and Senate cleared Thursday for President Bush’s signature. Otherwise taxpayers would have to wait until 2006 to claim a tax deduction for tsunami contributions made this month.

So donations made to help The Captain with World Relief Day can be deducted on your 2004 taxes. Keep those donations coming…

Other stories on this site related to Tsunami aid:

US aid $350 million and counting – Updated
Another way to help with Tsunami Aid
Watch out for Tsunami Aid Fraud