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IRS Publishes Details for 2018-2019 Disaster Relief

IRS Publishes Details for 2018-2019 Disaster Relief

The Internal Revenue Service (IRS) published information and instructions for companies to claim a special retention tax credit, available for businesses impacted by 29 identified natural disasters.

Disaster Relief Highlights

Businesses that retained employees during these disasters are entitled to claim a tax credit equivalent of up to $2,400 per eligible employee.

The identified disasters include Hurricane Michael & Harvey, Texas’ severe storms, as well as California’s wildfires; to name a few.

Disaster relief zones include counties within California, Texas, Florida, North Carolina, South Carolina, Georgia, Ohio, Oklahoma, Alabama, Mississippi, Indiana, and other states and U.S. Territories.

Let Walton help your company identify and maximize its benefit potential with ease. Contact us for more information: 1 (800) 221-0832. sales@waltonmgt.com

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