IRS FAQs: FFCRA Tax Credits for Small and Midsize Businesses
By: Wheeler & Taylor •
April 1, 2020
The FFCRA provides workers with paid leave for reasons related to COVID-19. The FFCRA covers the costs of this paid leave by providing small businesses with refundable tax credits. Certain self-employed individuals in similar circumstances are entitled to similar credits. This Compliance Bulletin provides the FAQs issued by the IRS on how the FFCRA tax credits apply.
