Senate Passes Haiti Assistance Income Tax Relief


The Senate on Thursday passed by unanimous consent the Haiti Assistance Income Tax Relief Act ( S. 2936). The Senate bill was identical to H.R. 4462, passed by the House on Wednesday. The legislation now goes to President Barack Obama for his signature; he is expected to sign it this week.

The act allows taxpayers to deduct contributions made for the relief of victims in areas affected by the Jan. 12 earthquake in Haiti on their 2009 tax returns instead of on their 2010 returns. To be eligible for an accelerated deduction, the contributions must be made after Jan. 11, 2010, and before March 1, 2010, and meet the requirements of IRC § 170.

The act also allows such donations to be substantiated by a telephone bill showing the name of the donee organization, the date of the contribution and the amount of the contribution.

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100th ANNIVERSARY

Black CPA Centennial, 1921–2021

With 2021 marking the 100th anniversary of the first Black licensed CPA in the United States, a yearlong campaign kicked off to recognize the nation’s Black CPAs and encourage greater progress in diversity, inclusion, and equity in the CPA profession.