American Rescue Plan 2021: Paid Time Off For COVID-19 Vaccination

    We have stated before that the American Rescue Plan of 2021 (ARP) is expansive and it will take time to understand all the areas that it touches. It was recently announced that there are tax credits to help businesses provide paid time off for employees receiving COVID-19 vaccinations. This would be available to eligible employers with less than 500 employees.

    That means if the employer offers a paid day off to get a vaccine, this tax credit will equal the amount of wages paid. There are also tax credits that reimburse the cost of providing sick and family leave related to COVID-19. These credits are available for use from April 1 to September 30, 2021. There are similar credits available for those who are self-employed.

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