November 29, 2001
IRS Eases Rules for People Who Donate Paid Leave
Employees who donate the value of their unused paid leave to charity this year or next won't have to pay income taxes on the money, the Internal Revenue Service says in a notice.
Following the terrorist attacks, several employers considered allowing their workers to give up paid vacation, sick leave, or personal time in exchange for the employer's sending a donation to relief organizations, the IRS said.
However, that was not as easy as it seemed because such donations fall
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