IRS Approves Leave Donation Program in Wake of Sandy

Created on Friday, 09 November 2012 07:01

Written by Dan Bottner

The IRS has announced employees will not be taxed when they donate their vacation, sick, or personal leave in exchange for employer cash contributions to qualifying charitable organizations providing relief to the victims of Hurricane Sandy.  Additionally, employers will be able to deduct 100 percent of the contributions and will not be subject to any charitable contribution limits.