Friday, April 04, 2014

IRS Lets Taxpayers Claim Donations Early for Philippines Typhoon Relief

IRS Lets Taxpayers Claim Donations Early for Philippines Typhoon Relief: Taxpayers who make cash contributions on or before April 14, 2014, for Philippines typhoon relief can get an immediate tax benefit by choosing to claim them on their 2013 returns, according to the Internal Revenue Service.

Under special legislation enacted last week, taxpayers can choose to treat cash contributions made on or after March 26, 2014, and be

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