March 24, 2020

Treasury, IRS And Labor Announce Plan To Implement Coronavirus-related Paid Leave For Workers & Tax Credits For Small And Midsize Businesses

Today the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees.