Topic: disaster relief

Tax News: Want to Help Sandy Relief Efforts? Here Are 3 Tax-Exempt Ways

“Because Hurricane Sandy has been designated a qualified disaster for U.S. federal tax purposes, certain payments made by employers and others to assist disaster victims will be considered qualified disaster relief payments and thus can be excluded from taxable income.” (Proskauer) Employers and small business owners who help victims of Hurricane Sandy deserve a break,… Read more »