DoD Relaxes Cost Rules For Katrina Donated Leave
Client Alert | less than 1 min read | 10.14.05
Under a DoD policy memo issued October 11, 2005 (http://www.acq.osd.mil/dpap/policy/policyvault/2005-1399-DPAP.pdf), the costs of vacation and personal leave – but not sick leave – donated by contractor employees to charitable organizations providing assistance to victims of Hurricane Katrina will be treated as allowable compensation costs rather than unallowable donations. Consistent with parallel guidance from the IRS, the DoD policy applies to payments made to charitable organizations before January 1, 2007.
Insights
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FLSA Overtime Reporting and Withholding
The One Big Beautiful Bill Act (the Act), signed on July 4, 2025, allows a deduction from an individual’s personal tax return on Form 1040 for “qualified overtime compensation” as defined in new Code § 225. The amount that can be deducted from the employee’s return is capped at $12,500 with the maximum then adjusted down if the employee’s AGI exceeds certain limits. This deduction is permitted in 2025.
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