Tax Credits for Paid Sick and Family Leave Extended
The new law extends the refundable payroll tax credits for paid sick and family leave, originally enacted in the Families First Coronavirus Response Act, through March 31, 2021. This means that you can be reimbursed for the cost of providing paid sick and family leave wages to employees for leave related to COVID-19
Tax Credits for Paid Leave
Tax Credits for Paid Leave – Under the Families First Coronavirus Response Act, small and midsize employers can take advantage of two new refundable payroll tax credits that provide 100% reimbursement for the cost of providing COVID-19 paid sick leave or paid child care leave to employees.
Additional Resources
IRS Coronavirus Information Page – Provides up-to-date information from the IRS on COVID-19 tax programs.