The IRS has released a series of FAQs regarding the American Rescue Plan Act’s (ARPA’s) sick and family leave credit. The ARPA extended and changed payroll tax credits for qualifying sick leave and family leave wages. The paid sick leave credit and paid family leave credit apply to wages paid through Sept. 30, 2021. Specifically, the FAQs provide information on how eligible employers may claim the credits, including how to file for and compute the applicable credit amounts, and how to receive advance payments for and refunds of the credits.
Read the FAQs here: Tax Credits for Paid Leave Under the American Rescue Plan Act of 2021