Last week the IRS updated the frequently asked questions (FAQs) on the paid sick and family leave tax credits under the American Rescue Plan Act of 2021.The new updates now include information regarding COVID-19 immunizations.
The updated FAQs now clarify that wages paid to employees for time off related to receiving immunizations or accompanying or caring for a family member as a result of receiving the immunizations are eligible for the credit.
For more information on these updates, take a look at IRS Newswire 2021-160 or contact your accountant. Remember to follow us on LinkedIn to stay up to date on all of our posts.
For more information on these updates, take a look at IRS Newswire 2021-160 or contact your accountant. Remember to follow us on LinkedIn to stay up to date on all of our posts.
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