Tuesday, November 25, 2008

New Law Encourages Cash Donations for Midwest Disaster Relief

New Law Encourages Cash Donations for Midwest Disaster Relief: "New Law Encourages Cash Donations for Midwest Disaster Relief


IR-2008-133, Nov. 25, 2008

WASHINGTON –– Taxpayers who make qualifying cash contributions for disaster relief efforts in the Midwest could benefit from a recently passed law that suspends the percentage-of-income limits that would normally apply when taxpayers deduct the contributions on their 2008 federal tax returns."