Business and Financial News

Roger Graham and Jared Moore, professors of accounting at Oregon State University, remind It’s Only Money that certain cash contributions for Haiti earthquake relief can be deducted on your 2009 return, even though you gave them in 2010.

The new law requires the contributions be made after January 11, 2010, and before March 1, 2010, for the relief of victims in areas affected by the recent earthquake in Haiti. You must itemize deductions to claim the credit.

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