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.
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