Ways For Employers To Assist Hurricane-Affected Employees
November 20, 2012, 7:26 AM EST
Law360, New York (November 20, 2012, 7:26 AM EST) -- In the wake of Hurricane Sandy and the resulting destruction and devastation to the East Coast, many employers have expressed an interest in providing disaster relief assistance to their affected employees. The following describes the different tax relief provisions that may be applicable should employers provide such assistance.
Employee Donations of Vacation and Sick Pay
One way that employers can assist affected employees is by enabling employees to donate vacation, sick or personal leave in exchange for employer contributions to charitable organizations for the relief of...