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IRS FAQs: FFCRA Tax Credits for Small and Midsize Businesses

By April 6, 2020 No Comments

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. IRS FAQs -FFCRA Tax Credits for Small and Midsize Businesses