The American Rescue Plan Act (ARP) expands the tax credits available under the Families First Coronavirus Response Act (FFCRP). The ARP Act does not mandate that employers provide paid family or sick leave; however, tax credits for employers that choose to continue providing Emergency Paid Sick Leave (EPSL) or Emergency FMLA (EFMLA) are available through September 30, 2021. The ARP extends a tax credit to employers who pay for leave taken by employees to receive COVID-19 vaccinations and recover from vaccination-related side effects.
For more details, click here to read the full IRS release. As always, we encourage you to reach out to us with any and all questions regarding this credit.