In the News: Tax Deductions and Confidentiality Provisions
According to The National Law Review, Congress recently passed the 2017 Tax Cuts & Jobs Act, which prohibits employers from taking tax deductions for any settlement payments relating to sexual harassment or sexual abuse if the settlement payments are subject to a confidentiality or nondisclosure provision. Such payments, however, are tax deductible if there is no confidentiality or nondisclosure provision in place. Read the full article entitled "No Tax Deduction for Sexual Harassment Settlements Subject to Confidentiality Provision" here.
If you believe that you have been subjected to sexual harassment at work, call ((916) 612-0326) or email (email@example.com) Finley Employment Law today. We serve clients throughout California, including Sacramento, Folsom, Roseville, Granite Bay, and Elk Grove.
The information in this blog post is for general informational and advertising purposes only and is not, nor is it intended to be, legal advice. Instead, you should speak with a California employment attorney for advice regarding your individual situation.