Federal Spotlight: IRS Unveils FAQ Guides for FFCRA Tax Credits
April 2, 2020
The Internal Revenue Service has released an extensive FAQ guide on how employers can take advantage of the tax credits related to the paid sick leave and family leave benefits in the Families First Coronavirus Response Act (FFCRA). The FFCRA was signed by President Trump on March 18. The credits are designed to alleviate the burden eligible businesses will face due to the mandates being imposed. The IRS has a webpage dedicated to explaining the credits, how employers can utilize them and other key information.