The Helping Hands Reform Act
This act is an effort to provide economic help to individuals who have experienced economic hardship with the benefit of an Internal Revenue Service deduction for those who contribute to the individuals benefit.
(1)”Charitable Act” means any donation, monetary, commodity, or labor, to an individual person or family, not a corporation, who has experienced an economic hardship
(2) “Tax Deductible” means deductible expense by any person, not a corporation or non-profit organization, off an Internal Revenue Service line item for charitable giving
(3) “Hardship” means any event which caused a loss of 30% or more of an individual’s income or property.
(A) Any person, not a corporation or non-profit organization, who performs a charitable act for an individual who has experienced an economic hardship shall:
(1) Provide a written receipt signed by both parties with social security numbers and dated to document the transaction
(2) Provide two documents justifying the transaction was performed for an individual who has experienced a recent hardship. Those documents which qualify would be:
(a) a newspaper article
(b) a police report
(c) declaration of a national or state emergency in which the individual resides
(d) a document showing loss of employment and is not receiving unemployment compensation
(e) a tax return showing at or under the poverty level declared by the United States
(f) document proving the individual lost 30% or more of their possessions or income through a tragic event.
(B) With documentation listed in Sec. (A)(2)(a-f), an individual or family, may use as a tax deduction off of Internal Revenue Service yearly personal filing in the charitable giving line item of their IRS tax form.
(C) Deductions under this section may not be used on a personal tax filing and again as an organized non-profit deduction.