UPDATE: On July 29, 2021, the IRS released additional FAQS regarding the tax credits available to eligible employers under the American Rescue Plan Act of 2021 relative to vaccination. In this latest round of guidance the IRS provides that tax credits are available to employers who provide leave to employees to accompany a family or household member or certain other individuals to obtain immunization relating to COVID-19 or to care for a family or household member or certain other individuals recovering from the immunization.
Please see the FAQS linked here for more information.
On June 11, 2021, the IRS released updated FAQS regarding the tax credits available to eligible employers under the American Rescue Plan Act of 2021 for qualified sick and family leave wages paid to employees during periods of leave for qualifying COVID-19 reasons between April 1, 2021, through September 30, 2021.
Please see the FAQS linked here for more information.
For additional background on ARPA, please see our prior post here >