There’s A 100% Refundable Tax Credit For Paying Qualified Leave Because Of Covid
As COVID-19 began spreading rapidly across the country, legislators went to work preparing the Families First Coronavirus Response Act<\/a> (FFCRA). This Act became law on March 18, 2020, and it created a 100% refundable tax credit for employers that paid qualified leave to employees. The COVID-related Tax Relief Act of 2020 extended the credit to March 31, 2021.\n \n Most recently, the American Rescue Plan Act of 2021<\/a> (ARPA) extends the tax credit to Sept. 31, 2021, and makes a few additional changes. In this blog post, we'll cover three key points: paid sick leave, family and medical leave, and the 100% refundable tax credit you can claim for paying either type of leave.\n \n [zone_spacer spacer=\"lg\"]\n <\/p>
Emergency paid sick leave<\/h3>
\n According to the FFCRA, employers were required to provide up to two weeks – or 10 days – of
