FYI: POTUS Barack Obama Signs Law Allowing Tax Payers To Deduct For 2009 Tax Year Donations, To Haiti Relief Funds Made Before March 1, 2010.

President Barack Obama on Friday signed a bill that will allow Americans to claim contributions made to Haitian earthquake relief efforts as a deduction on their 2009 federal income tax returns.

Under the new law, monetary donations made between January 11 and March 1, 2010, including those made by cellular telephone, are eligible for the exemption. The measure is designed to encourage additional contributions, as without the bill, taxpayers would have to wait until next year to claim the donations on their income tax returns.