The IRS has provided some guidelines for COVID-19 related tax credits as they apply to required paid leave for small and midsize businesses. Here are some helpful links for those affected businesses.
- General Information
- Determining the Amount of the Tax Credit for Qualified Sick Leave Wages
- Determining the Amount of the Tax Credit for Qualified Family Leave Wages
- Determining the Amount of Allocable Qualified Health Plan Expenses
- How to Claim the Credits
- How Should an Employer Substantiate Eligibility for Tax Credits for Qualified Leave Wages?
- Periods of Time for Which Credits are Available
- Special Issues for Employers: Taxation and Deductibility of Tax Credits
- Special Issues for Employers: Interaction of FFCRA Tax Credits with Other Tax Credits
- Special Issues for Employers: Use of Third-Party Payers
- Special Issues for Employers: Other Issues
- Special Issues for Employees
- Specific Provisions Related to Self-Employed Individuals
- Additional Questions
