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Some employers are eligible for additional tax credits that reimburse them for allowing paid sick and family leave for COVID related issues

Small and medium sized companies and employers may now claim refundable tax credits as part of the American Rescue Plan Act.

These tax credits will reimburse companies that give employees paid sick leave and paid family leave for anything COVID related.

This also includes time given to employees to leave and get their vaccination as well as recover from it.

These credits can be available to employers that are eligible from April 1, 2021 through Sept. 30, 2021.

Categories: BusinessHealthNews