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U.S. IRS Extends Tax Relief for Employer Leave-Based Donation Programs for COVID-19

02 July 2021

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Approved Changes

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United States

The U.S. IRS has announced an extension of tax relief for employer leave-based donation programs that aid victims of the COVID-19 pandemic. --- IRS extends tax relief for employer leave-based donation programs that aid victims of the COVID-19 pandemic IR-2021-142, June 30, 2021 WASHINGTON — The Internal Revenue Service today extended the tax relief provided in Notice 2020-46 for calendar year 2021 for employers whose employees forgo sick, vacation or personal leave because of the COVID-19 pandemic. Notice 2021-42 provides that cash payments employers make to charitable organizations that provide relief to victims of the COVID-19 pandemic in exchange for...