The Newsroom Topics
Issue Number: IR-2023-181
Inside This Issue
IRS provides guidance on employer leave-based donation programs that aid victims of the wildfires in Hawaii
WASHINGTON – The Internal Revenue Service today provided guidance for employers whose employees forgo sick, vacation or personal leave to aid victims of the wildfires that began in parts of Hawaii on Aug. 8, 2023.
Notice 2023-69 provides that cash payments employers make to charitable organizations during 2023 and 2024 providing relief to victims of the wildfires in Hawaii in exchange for sick, vacation or personal leave which their employees forgo will not be treated as compensation. Similarly, the employees will not be treated as receiving the value of the leave as income and cannot claim a deduction for the leave that they donated to their employer.
Employers, however, may deduct these cash payments as a business expense or as a charitable contribution deduction if the employer otherwise meets the respective requirements of the applicable sections of the Internal Revenue Code.
Notice 2023-69 provides further details for employers with leave donation programs.
Additional information about tax relief for those affected by the wildfires in Hawaii is available at IRS.gov.
Thank you for subscribing to the IRS Newswire, an IRS e-mail service.
If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe.
This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.
|This email was sent to email@example.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535|