IRS: refundable payroll tax credits

Small and midsize employers can claim two new refundable payroll tax credits…

Small and midsize employers can claim two new refundable payroll tax credits to reimburse them, dollar-for-dollar, for the cost of providing employee leave related to the COVID-19 outbreak. The IRS has a webpage section focused on steps to help taxpayers, businesses and others affected by the coronavirus.

Payroll Tax Credits

two new refundable payroll tax credits

Small and midsize employers can claim two new refundable payroll tax credits to reimburse them, dollar-for-dollar, for the cost of providing employee leave related to the COVID-19 outbreak.
The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the corona virus at: https://www.irs.gov/coronavirus