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Section 139 – Tax-Free Disaster Relief Payments

On March 13th, 2020, President Trump declared COVID-19 (coronavirus) pandemic, a National Emergency. The declaration provides a mechanism for employers to provide tax-free disaster relief assistance to employees under Section 139 of the IRS code. Qualified disaster relief payments are exempt from tax withholding, FICA, FUTA, Medicare, and self-employment taxes for all

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Self-Manage or Self-Destruct

The enactment of the Tax Cuts and Jobs Act will have a profound impact on the relocation budgets of employers. Payment of Qualified Moving Expenses, which have provided a nontaxable benefit since 1986, will now cause a significant rise in relocation spend should employers choose to provide tax assistance for these expenses

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