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IRS Announces Another Way to Help Victims of Hurricane Matthew

IRS Announces Another Way to Help Victims of Hurricane Matthew

Using Leave-Based Donations to Help Hurricane Victims

The Internal Revenue Service last week announced that leave-based donation programs could be used to send aid to victims of Hurricane Matthew. Sometimes referred to as a “leave sharing program,” leave donation lets employees donate their vacation or sick leave to a company pool that can be used by coworkers who have medical emergencies or are affected by natural disasters.

Through a special leave-based donation program, the IRS is allowing employees to “forgo their vacation, sick, or personal leave in exchange for cash payments the employer makes … to charitable organizations providing relief for the victims of [Hurricane Matthew].” These payments must be made before January 1, 2018, will not be included as income or wages for donating employees, and can be deducted by employers as a business expense.

Similar programs were provided for Hurricanes Katrina (2005) and Sandy (2012), Ebola relief (2014), and this year’s flooding in Louisiana. Notice 2016-69 provides more information about the special leave-based donation program, and the IRS disaster relief page lists other ways that victims can receive relief.

Source: Internal Revenue Service

Ryan Norton

Whether designing superheroes, penciling caricatures, or just doodling, I always knew I was going to earn some sort of art degree while in college. That was my goal before I decided to trade Edgar Degas for Edgar Allan Poe during a Freshman English class. The BA in English soon morphed into a double-major in English and Philosophy, eventually becoming an MA in English. It only makes sense that I learned of a writing opportunity for a local marketing firm while teaching a first-year college English course. Before I knew it, I was writing and editing tax-related articles for Taxing Subjects, and this has been my home since 2014.

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