The Disaster Tax Relief and Airport and Airway Extension Act of 2017 provides a new favorable tax credit for eligible employers affected by recent hurricanes, as well as expanded charitable deductions and tax credits for certain taxpayers. Continue Reading.
Tax Breaks in the New Hurricane Legislation for Employers and Taxpayers
By Diane Morgenthaler and Ruth Wimer on November 14, 2017
Posted In Employee Benefits, Employment
Tags: charitable deductions, Child Tax Credit, Disaster Tax Relief and Airport and Airway Extension Act of 2017, Earned Income Tax Credit, favorable tax credit, Hurricane Harvey, Hurricane Irma, Hurricane Maria, hurricane relief efforts, inoperable, major disaster area, principal place of employment, qualified wages, Returning Heroes and Wounded Warriors Work Opportunity Tax Credit, tax reductions
Diane MorgenthalerDiane M. Morgenthaler focuses her practice on employee benefits and executive compensation. She represents clients in matters before the US Internal Revenue Service, the Department of Labor and the Pension Benefit Guaranty Corporation. Diane serves as employee benefit counsel to Fortune 500 corporations and other global corporations, and represents both public and private clients. She regularly designs and implements a variety of employee benefit plans and programs. Diane has extensive experience in employee benefit issues involved in acquisitions, reorganizations and divestitures and in the design of employee benefits plans following such transactions. She also advises clients in matters involving multi-employer withdrawal liability, fiduciary liability and benefit claims.
Ruth WimerRelated Posts
- New Hurricane Legislation Grants Additional Distribution, Withdrawal and Loan Relief for Certain Retirement Plan Participants
- View From McDermott: Hurricane Survival Guide for Employee Benefit Plans and Employers
- CARES Act Payroll Tax Forum: IRS Weighs in on High-Profile Employee Retention Tax Credits
- Hurricane Harvey Relief for Employee Benefit Plans
- The Employee Retention Credit: How to Litigate and Resolve Claims
BLOG EDITORS
STAY CONNECTED
TOPICS
ARCHIVES
RECENT POSTS
- Understanding and Navigating Compliance With NIH Grant DEI Policies
- 5 Trends in Health Plan Regulations to Watch in New Trump Administration
- IRS Announces 2026 Limits for Health Savings Accounts, High-Deductible Health Plans, and Excepted Benefit HRAs
- DOJ Secures Its First-Ever Conviction in a Criminal Antitrust Labor Market Trial
- The Employee Retention Credit: IRS’s “Risking” Model Faces Legal Challenge
