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IRS Announces Details on FFCRA’s Paid Leave Tax Credits

The IRS has released details related to the Families First Coronavirus Response Act’s refundable tax credits, which reimburse companies with 500 employees or less, dollar-for-dollar, for the cost of providing paid sick and family leave wages to their workers for leave related to COVID-19.

For details visit: https://www.irs.gov/newsroom/covid-19-related-tax-credits-for-required-paid-leave-provided-by-small-and-midsize-businesses-faqs