COVID-19 Related Tax Credits for Required Paid Leave
Where can I find more information on the Employer Retention Credit and other COVID-19 economic relief efforts?
The following information is found on the IRS website.
The Families First Coronavirus Response Act (FFCRA), signed by President Trump on March 18, 2020, provides small and midsize employers refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing paid sick and family leave wages to their employees for leave related to COVID-19.
Workers may receive up to 80 hours of paid sick leave for their own health needs or to care for others and up to an additional ten weeks of paid family leave to care for a child whose school or place of care is closed or child care provider is closed or unavailable due to COVID-19 precautions.
Get more information on the IRS website. More details also on IRS Coronavirus page.
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