11 Feb 09 Tips for claiming donations to emergency relief fundsIn a media release issued on 10 February 2009, the ATO announced a practical approach to ensure that those donating to help the victims of the Victorian bushfires and Northern Queensland floods can do so with minimum fuss. People who give to "bucket donations" can claim a tax deduction equal to their contribution up to $10 in their 2008-09 tax return without the usual need to keep a receipt. People who use the web or phone to make a donation over $10 can use their web receipt or credit card statement. This will also apply to donations collected through third parties such as banks and retail outlets.
The Commissioner, Michael D’Ascenzo, said: “It’s important people donate to an organisation that has been endorsed so they can claim a tax deduction. Most major charities are endorsed, so it’s often easier to provide donations to one of the existing and well-established organisations.”
For a copy of the ATO media release No 2009/10, 10 February 2009, go here.