RothCPA.com is reporting:
The leaders of the Senate Finance Committee have proposed allowing a 2004 deduction for cash contributions made to Tsunami relief efforts during January 2005. Normally, of course, such deductions would only be deductible on 2005 returns.It appears that the plan is non-controversial and likely to pass, but you shouldn’t claim January 2005 deductions on 2004 returns until it is signed into law.
Link: Grassley/Baucus press release on the plan (pdf format)