There is a section "How Do You Make a Gift To Reduce Debt Held By the Public" and it clearly states "You may be able to deduct this gift on your 2012 tax return".
You can't take a deduction for the 2011 tax year on a gift in 2011, but iirc its treated like any other donation
I just bookmarked this. They need to have something like this added to tax forms. I'd much rather 'donate' my money to the debt than the Presidential election fund or whatever other things they ask if I'd like to contribute to.
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[ 3.4 ms ] story [ 23.6 ms ] threadhttp://www.fms.treas.gov/faq/moretopics_gifts.html
There is a section "How Do You Make a Gift To Reduce Debt Held By the Public" and it clearly states "You may be able to deduct this gift on your 2012 tax return".
You can't take a deduction for the 2011 tax year on a gift in 2011, but iirc its treated like any other donation