Tax Relief Act of 2005
Under special provisions enacted under the Katrina Emergency Tax Relief Act of 2005, cash contributions made to Independence for the Blind of West Florida during the period from August 28, 2005 to December 31, 2005 may be deductible up to 100% of your adjusted gross income. (Normally, charitable contributions are limited to 50% of an individual's adjusted gross income.)
In addition, cash contributions made during this period are not subject to phase-out rules that reduce itemized deductions of high-income taxpayers. Contributions by individuals are not required to be hurricane-related in order for these special rules to apply.
You may find it beneficial to make a year end charitable contribution to Independence for the Blind of West Florida between now and the end of 2005 in order to take advantage of these special tax provisions. Please call or e-mail Lauren Hagopian at Independence for the Blind of West Florida for more information at (850) 477-2663 or lauren@ibwest.org