Nozzolio Announces Tax Deduction For Donations To Tsunami Relief
Albany – Senator Michael F. Nozzolio (R,C-Fayette) today announced that a new federal law that will allow taxpayers to deduct any donations to tsunami relief efforts in Southeast Asia on their 2004 federal tax returns will also apply to residents filing 2004 New York State tax returns.
“The devastation and human loss brought on by the tsunami has deeply touched all of our lives,” said Senator Nozzolio. “Significant humanitarian relief efforts are already underway and it is my hope that this legislation will encourage New Yorkers to help assist the people that have been affected by this natural disaster.”
The new law will enable New Yorkers who make cash donations through January 31st to claim the deductions on their 2004 New York State tax returns, in addition to their 2004 federal tax returns. In order to be able to deduct the charitable contributions, taxpayers will have to itemize on their tax returns.
Senator Nozzolio has added a link to his website for people to donate directly to reliable charities already providing help to tsunami victims.
“New Yorkers have always showed their compassion and spirit of giving by coming together to support their fellow Americans when they needed it most. It is my hope that this new law allowing tax deductible donations will help inspire New Yorkers to get involved with the relief efforts for the devastated areas of Southeast Asia,” Senator Nozzolio concluded.