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IRS offers tax relief to leave-based donation programs for Hurricane Harvey victims
Source:
taxprotoday.com
- Sep 6, 2017
The Internal Revenue Service said Tuesday it is giving special relief to support leave-based donation programs as a way of assisting victims of Hurricane Harvey.
The programs are similar to ones offered by the IRS in the aftermath of Hurricane Katrina in 2005, Hurricane Sandy in 2012, the Ebola outbreak in West Africa in 2014, and Hurricane Matthew and severe flooding in Louisiana in 2016.
Under such programs, employees are able to forgo their vacation, sick or personal leave in exchange for cash payments their employer makes, before Jan. 1, 2019, to charitable organizations providing relief for the victims of this disaster.
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Category: General Business
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