Thursday, January 06, 2005

Salt Lake Tribune - Business

Salt Lake Tribune - Business: "IRS explains tax rulesfor deducting donations
By Jordan Burke
The Salt Lake Tribune

As private U.S. donations to tsunami relief efforts top $200 million, the IRS is reminding people those donations may be tax deductible depending on when and to whom donations are made.
The IRS allows tax filers to deduct charitable donations from their taxable income for the year the donations are made. To do so, filers must give to a domestic, tax-exempt, charitable organization such as a church or a relief agency and get a receipt.
Specific information about such deductions is available in an IRS publication, Disaster Relief: Providing Assistance Through Charitable Organizations. The publication also is available at http://www.irs.


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