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Small businesses can get tax credits for employee sick, family leave through September

The Internal Revenue Service will provide tax credits to small businesses to help cover paid sick and family leave for workers through September, according to the federal agency.

Workers can use the leave to care for themselves or sick family members, as well as get their COVID-19 vaccine and recover if they experience temporary side effects.

This tax credit will help communities across the Midwest crush this virus while ensuring small businesses can keep their doors open and workers safe.

Under the rescue plan, employers with fewer than 500 workers may receive up to $17,110 per employee to provide them with up to 10 days of paid sick leave and up to 12 weeks of paid family leave from April 1 through Sept. 30, 2021.

Certain self-employed individuals in similar circumstances are entitled to similar credits as well as schools, public hospitals and other state and local government employers.

You can find instructions on how to claim their credit at the IRS website.

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8/23/21
Ban The Box Law
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8/23/21
WI Freezes UI Tax Rates Through 2023
read more
6/21/21
Small Business Tax Credits Through September
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