Tax Credit Available for Small Businesses That Offer Vaccine Paid Time Off
President Biden detailed a plan that will allow small businesses to claim tax credits for giving paid time off to employees to get and recover from the COVID-19 vaccine.
Employers with fewer than 500 employees are eligible for the tax credit, which will offset the cost of paid time off for each employee up to 80 hours (i.e. 10 work days) up to $511 per day of paid sick leave offered between April 1 and September 30, 2021.
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