Hurricane Katrina: leave-based donation programs.

AuthorWimer, Ruth
PositionCHARITABLE CONTRIBUTIONS

Some employers may offer leave-based donation programs. Under such programs, employees may donate their unused vacation, sick or personal leave in exchange for the employer contributing the cash payment to a public charity, provided the money is designated for assisting Hurricane Katrina victims. Under Notice 2005-68, if employers operate such a program, they do not have to include the value of donated leave in their employees' income, as long as the money was contributed by...

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