The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

Enhanced tax deductions to provide up to 78 million additional meals for America’s hungry 

On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act (H.R. 4853).  The new law extends an enhanced tax deduction for all business taxpayers that could provide up to 78 million additional meals for hungry Americans over the next two years.

This represents a major victory for  the Second Harvest Food Bank of North Central Ohio, a member of Feeding America, food donors and the 77,200 hungry people we serve in our community.

Included in the new law are charitable tax extenders that will make it easier for farmers, franchisees, restaurateurs and other small business taxpayers to donate food to food banks nationwide, including Second Harvest and to our partner agencies.  The law extends the enhanced tax deduction for food donations that already existed for C corporations to all business taxpayers from Jan. 1, 2010 to Dec. 31, 2011.  As a result, the law will be retroactive and available for product donations already made to food banks and other charitable hunger-relief organizations this year.

For more information, please download a brief summary of the tax incentives enacted to help food banks and the needy people they serve. Fact Sheet

If you have questions about the enhanced tax deduction, please contact Rod McGuire at 440.960.2265, ext 224