Tax-Free Employee Reimbursements for Covid-19 Costs

Here is a tax-planning opportunity for employers: offer your employees a reimbursement of Covid-related costs. The reimbursement will be fully deductible by you and tax-free to the employee. IRC Section 139 allows employers to  reimburse employees for necessary personal, family, living or funeral expenses incurred as a result of a qualified disaster.  Why is [...]