Employers Consider Hardship Assistance in Response to Covid-19, Seek Guidance from America's Charities

Employers Consider Hardship Assistance in Response to Covid-19, Seek Guidance from America's Charities

While the full brunt of the coronavirus still hasn’t smacked the U.S. economy, employers are already examining tax-advantaged hardship assistance programs to support workers facing significant health and financial challenges due to the emergency.

In this article from Bloomberg Tax, Staff Correspondent, Michael J. Bologna reports how employers are examining tax-advantaged hardship assistance programs to support workers facing significant health and financial challenges due to the emergency, and America's Charities President and CEO Jim Starr shares how employers for looking at creating crisis funds as a way to make tax-deductible donations and permit employees to collect emergency grants tax-free. 

>> Read the full article on Bloomberg Tax