Tax

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

Section 139 – Tax-Free Disaster Relief Payments Read More »

Scroll to Top