COVID-19 Disaster Plan Relief: Tax Opportunities for Employers and Employees
Reading Time: 2 minutesTax experts are dusting off a little-used tax opportunity (enacted in 2002 following September 11th attacks) that is coming in handy for businesses dealing with COVID-19 today. Section 139 allows employers to make “qualified disaster relief payments” to employees to assist in managing their expenses during the COVID-19 pandemic. The …
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