$1 Million Limit on Deductible Executive Compensation—Sec. 162(m)

Meridian explains the basics and the details of this rule which limits the deductibility of compensation to certain employees.

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The Basics What is the rule? The corporate tax deduction of compensation to certain employees is limited to $1 million per year. The rule applies to the compensation of the executive officers named in the proxy (except, by a statutory quirk, for…