Tax Credit for Providing Vaccination Paid Leave

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.
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The tax credit is available to organizations with fewer than 500 employees and is funded by the American Rescue Plan. 
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