IRS Publishes Updated FAQs on Federal Tax Credits for Emergency Paid Leave Taken in Q1 2021

On January 28, 2021, the IRS published updated FAQs to address the availability of federal tax credits as reimbursement for emergency paid sick leave and emergency family and medical leave provided to eligible employees between January 1 and March 31, 2021. The revisions brought the IRS guidance into alignment with legislation that extended into 2021 … Continued