President Signs Philippine Relief Legislation

(March 25, 2014) On March 25, 2014, The President signed the Philippines Charitable Giving Assistance Act (HR 3771). The legislation permits a taxpayer to treat any qualifying cash contribution for the relief of victims of Typhoon Haiyan that struck the Philippines in November, 2013, that is made after March 25, 2014 and before April 15, 2014 as if made on December 31, 2013. The acceleration of the deduction is at the election of the taxpayer.

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Wolters Kluwer TAA

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