comparemela.com

Latest Breaking News On - Ffcra tax credit - Page 1 : comparemela.com

FFCRA Extensions Under the American Rescue Plan Act

Thursday, April 1, 2021 On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA), which extends and expands several provisions of the Families First Coronavirus Response Act (FFCRA). Tax Credit Extensions As employers will recall, the FFCRA tax credit had been extended through March 31, 2021 to qualifying employers that voluntarily chose to continue to provide Emergency Paid Sick Leave (EPSL) or Emergency Paid Family Leave (EPFL). The ARPA has now extended the FFCRA from April 1, 2021 through September 30, 2021. Emergency Paid Sick Leave and Emergency Paid Family Leave Extensions Under the ARPA, employers are eligible for the tax credit if employers voluntarily provide employees up to 80 hours of EPSL from April 1, 2021 through September 30, 2021. This includes employees who have already used their 80 hours under the FFCRA, essentially creating a refresh of EPSL for all employees.  

H-2A Wages Now Eligible for FFCRA Tax Credit

Legal Disclaimer You are responsible for reading, understanding and agreeing to the National Law Review s (NLR’s) and the National Law Forum LLC s  Terms of Use and Privacy Policy before using the National Law Review website. The National Law Review is a free to use, no-log in database of legal and business articles. The content and links on www.NatLawReview.com are intended for general information purposes only. Any legal analysis, legislative updates or other content and links should not be construed as legal or professional advice or a substitute for such advice. No attorney-client or confidential relationship is formed by the transmission of information between you and the National Law Review website or any of the law firms, attorneys or other professionals or organizations who include content on the National Law Review website. If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor.  

FFCRA Leave Expiring; Tax Credits Extended for COVID-19 Leave 

Legal Disclaimer You are responsible for reading, understanding and agreeing to the National Law Review s (NLR’s) and the National Law Forum LLC s  Terms of Use and Privacy Policy before using the National Law Review website. The National Law Review is a free to use, no-log in database of legal and business articles. The content and links on www.NatLawReview.com are intended for general information purposes only. Any legal analysis, legislative updates or other content and links should not be construed as legal or professional advice or a substitute for such advice. No attorney-client or confidential relationship is formed by the transmission of information between you and the National Law Review website or any of the law firms, attorneys or other professionals or organizations who include content on the National Law Review website. If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor.  

FFCRA Tax Credit Extended

Wednesday, December 30, 2020 On December 27, 2020, President Donald Trump signed into law House Bill 133, an expansive spending bill that provides economic relief, extends unemployment insurance benefits, and expands the Coronavirus Aid, Relief, and Economic Security Act’s Paycheck Protection Program. The bill  did not extend the mandatory paid leave provisions of the Families First Coronavirus Response Act’s (FFCRA) Emergency Paid Sick Leave Act (EPSLA) and Emergency Family and Medical Leave Expansion Act (EFMLA), both of which will expire on December 31, 2020. However, the bill does provide employers the  option to continue providing FFCRA leave and receive a tax credit through March 31, 2021. Stated more simply, employers may choose to continue providing paid leave to employees consistent with the FFCRA requirements and claim related tax credits until March 31, 2021, but employers are not required to do so.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.