To encourage more widespread vaccinations, President Joe Biden has announced a paid-leave tax credit for small and midsize employers that provide full pay for employees who take time off to get and recover from a COVID-19 vaccination.
The Internal Revenue Service and the Treasury Department recently detailed a plan that will allow small and midsized businesses to claim tax credits for providing paid leave for employees to get COVID-19 vaccinations.
The tax credit is available to organizations with fewer than 500 employees and is funded by the American Rescue Plan.
NATIONS RESTAURANT NEWS ARTICLE
MORE FROM THE IRS