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Qualified Disaster Relief Payments – Taxability of employer provided benefits in a Federally Declared Disaster

IRC Section 139 provides that a “qualified disaster relief payment” is not included in taxable gross income for the recipient. This section covers various types of qualified disaster relief payments, but this write-up focuses solely on those payments made by employers to employees.  Under this code section,  payments paid by an employer to an employee… [keep reading…]