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Don’t double-deduct tsunami-aid donation

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in Small Business Tax

Last January, Congress voted to let businesses and taxpayers deduct donations for Asian-tsunami relief on their 2004 returns as long as they made the donation by Jan. 31, 2005. If you made such a donation and claimed a 2004 write-off, make sure you don’t deduct the same amount again on your 2005 return.

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