Thursday, September 08, 2005

IRS program to convert vacations to contributions

Associated Press via Yahoo News reports ...
The Internal Revenue Service on Thursday announced a new program to encourage workers to give up unused vacation time and sick days that could be turned into charitable contributions to aid the victims of Hurricane Katrina.

Employers would convert the donated time into cash contributions to charities and workers would be able to deduct the amount donated from their federal tax return, officials said. ...

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