WebCPA reports:
The House of Representatives unanimously passed legislation Wednesday that would allow individuals who make charitable contributions to victims of the earthquake in Haiti to claim an itemized charitable deduction on their 2009 tax return instead of having to wait until next year to claim the deductions on their 2010 tax return.
In principle, I don’t have a problem with this law, but I do predict rampant double-dipping.
In other words, taxpayers will take their Haiti charitable contributions twice: Once on their 2009 tax return under the new law and then again on their 2010 tax returns because that’s the year in which the contribution was made.
And auditors may not catch this double-dipping because taxpayers will be able to present the same proof for both tax years.
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