Income Tax Time Machine for Typhoon Haiyan Giving (H.R. 3771)

What is H.R. 3771?

(Updated November 14, 2014)

This bill was enacted on March 25, 2014

Allows Americans to deduct from their 2013 taxes charitable donations made between 1/1/14 nd 4/15/14 to victims of Typhoon Haiyan in the Philippines. Without this bill, a person would have to wait until the following year to claim such a deduction.

Argument in favor

Provides further incentive for Americans to donate to natural disasters expeditiously.

Argument opposed

Provides only a delayed tax incentive.

Impact

Impacts those who have given cash contributions to organizations aiding in the relief effort following Typhoon Haiyan.

Cost of H.R. 3771

A CBO cost estimate is not yet available.

Additional Info

Media:

Wikipedia 

Of Note:

-For donations via phone/text, a contribution meets IRS record-keeping requirements if the taxpayer produces a telephone bill showing the name of the donee organization and the date and amount of the contribution.