SW Benefits Update: Tax-Favorable COVID-19 Pandemic Relief for Employees and Employers Covered by Section 139 Programs
March 26, 2020
By Amberlee Conley, Greg Gautam, and Marvin S. ("Bucky") Swift, Jr.
With life upended for many employees during the COVID-19 pandemic, we want to highlight one way for employers to offer potential tax-favorable financial relief: implementing a disaster relief program under Section 139 of the Internal Revenue Code (“Code”). Section 139 offers certain tax benefits on qualified disaster relief payments (or reimbursements) made to employees during qualified disasters.
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