Joined: May 2005
Nice. More of the government's revenue diverted to the cause of junk science.
|Important information for AiG donors about the Katrina Emergency Tax Relief Act of 2005 (KETRA)|
November 7, 2005
Important Message: Your Cash Gifts Could Be Deductible up to 100% of 2005 Income!
On September 23rd of this year, President Bush signed the Katrina Emergency Tax Relief Act of 2005 (KETRA). This new law allows for special tax treatment to encourage charitable giving.
Cash donations to a qualifying [501©(3)] nonprofit organization between August 28 and December 31 of this year are 100% deductible against 2005 income. Except for certain corporate gifts, donations do not have to relate to hurricane relief. The provision also extends to corporations, partnerships, limited liability companies and S corporations, and covers cash donations from either taxable income or retirement plans.