Coronavirus relief bill – tax credits for employers & self-employed

March 19, 2020 - Less than a minute read

The coronavirus relief bill signed by President Donald Trump late Wednesday contains, among its many provisions, several tax credits for employers who provide paid sick leave or family or medical leave for their employees who miss work for various coronavirus-related reasons. The Families First Coronavirus Response Act, H.R. 6021, passed the House of Representatives on Monday by unanimous consent and passed the Senate Wednesday by a vote of 90–8.

I’ve linked this article created By Alistair M. Nevius, J.D. and published in the Journal of Accountancy. Here is a look at its tax credit provisions.

Please contact our office (virtually or via phone) for more information and to discuss your options this tax season.