The Families First Coronavirus Response Act (FFCRA) is defined as eligible employers must provide employees with paid sick, expanded family and medical leave for COVID-19 related reasons.
Employers (businesses with fewer than 500 employees) are required to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. These provisions will apply from the effective date of April 2020 through December 31, 2020.
Eligible employers that pay qualified leave wages will be able to retain an amount of all federal employment taxes equal to the amount of:
The federal employment taxes that are available for retention by eligible employers include federal income taxes withheld from employees, the employees’ share of social security and Medicare taxes, and the employer’s share of social security and Medicare taxes with respect to all employees.
For more help understanding the Families First Coronavirus Response Act (FFCRA) use these helpful links.
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