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New Guidance Issued on Employee Leave Sharing Plans

employee leave share

1 minute read

For those adversely affected by COVID-19, the IRS issued FAQs which said employers may setup leave-sharing programs. Employees would be able to deposit leave into an employer-sponsored leave bank for other employees to use.

Employees depositing leave in a qualifying plan:

  • May not claim an expense, loss deduction, or charitable contribution for the deposited leave
  • Do not include the deposited leave in wages or income

IRS Notice 2006-59 provides more information about the eight requirements a qualifying plan must have in order for donor employees not to be taxed on their donated leave.

Download the bulletin for more details.

Download our "Guide to Restructuring Retiree Benefits" today.

This blog is intended to be a compilation of information and resources pulled from federal, state, and local agencies. This is not intended to be legal advice. For up to the minute information and guidance on COVID-19, please follow the guidelines of the Centers for Disease Control and Prevention (CDC) and your local health organizations.


National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

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Rick Labian

Rick Labian

Rick Labian lives by the Golden Rule – he is guided by what is best for his clients and treats others as he would like to be treated. Rick acts as an advisor and advocate for his clients, helping to identify goals for their benefit programs and building a strategic plan together. Rick has a rich history with NIS. He has worked for NIS for over 20 years, leading the Eastern region. Rick is the manager and leads the FBC Client Management Team. Rick’s leadership and experience aids our internal staff and all of NIS’ FBC clients. Rick is a licensed insurance agent and is ACA certified through the National Association of Health Underwriters.