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U.S. offers paid leave and employer credits for COVID-19

U.S. offers paid leave and employer credits for COVID-1

The United States announced it will provide sick leave measures and provide tax credits for employers to offset these additional costs.

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The United States announced it will provide sick leave measures and provide tax credits for employers to offset these additional costs. This relief, which was passed as the Families First Coronavirus Response Act, will apply to employers with 500 or fewer employees, and will not apply to certain types of employers. These changes will apply on a date to be determined by the Secretary of the Treasury, (but not later than April 3, 2020) and will apply through December 31, 2020.

Download this edition of the TaxNewsFlash to learn more.

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