The IRS has urged qualifying employers to utilize the tax credits they are entitled to for covering the costs associated with providing paid sick leave, paid family and medical leave to employees unable to work because of the coronavirus (COVID-19). These credits are refundable; if the amount of the credit exceeds the amount of tax owed, the remainder is refunded to the business or organization. These credits, provided under the Families First Coronavirus Response Act (P.L. 116-127), are available to eligible employers beginning April 1, 2020, for qualifying leave they provide between April 1, 2020, and December […]
Qualifying Employers Entitled to Refundable Credits for Funding Coronavirus-Related Paid Leave
