Katrina Vs. Sandy? IRS Helping Sandy Victims in a Unique Way

Below is a pure example of the powers that be.  The current administration is announcing a unique way for taxpayers to help the victims of "Sandy"  This end result of this special relief plan, will be included in the income or wages of the employees. 

I personally wonder if the people of New Orleans are wondering if Katrina actually re-invented herself, in the form of "Sandy"  Seems almost like a repeat in history.  For sure the victims of Sandy and Katrina will always have an unspoken connection.

It certainly will be interesting to see Government subsidized housing on the up-scale beaches of the East Coast.  Mother Nature has a way of equalizing all humans regardless of their tax bracket.

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As part of the administration’s efforts to bring all available resources to bear to support state and local partners impacted by Hurricane Sandy, the Treasury Department and the Internal Revenue Service today announced special relief intended to support leave-based donation programs to aid victims who have suffered from the extraordinary destruction caused by Hurricane Sandy.

Under these programs, employees may donate their vacation, sick or personal leave in exchange for employer cash payments made to qualified tax-exempt organizations providing relief for the victims of Hurricane Sandy.

Employees can forgo leave in exchange for employer cash payments made before Jan. 1, 2014. Under this special relief, the donated leave will not be included in the income or wages of the employees. Employers will be permitted to deduct the amount of the cash payment. Details on this relief are in Notice 2012-69.