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March 2020

Treasury Secretary Sets Credit Start Date

Last updated March 30, 2020

As discussed in our alert about the tax credits under the Families First Coronavirus Response Act, which can be found here, the credits are available from the date set by the Treasury Secretary through December 31, 2020. In Notice 2020-21, the IRS announced that employment tax credits for paid qualified sick leave wages and paid qualified family leave wages will apply to wages and compensation paid for periods beginning on April 1, 2020 and ending on December 31, 2020. The Notice can be found here.

For additional information pertaining to the coronavirus outbreak, please visit CSG's COVID-19 Resource Center.


This publication contains general information on recent legal developments and is not intended to provide legal advice for a specific situation or to create an attorney-client relationship. Attorney Advertising. Prior results do not guarantee a similar outcome.
 

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Visit CSG's COVID-19 Resource Center.