To encourage more people to obtain the COVID-19 vaccines, the American Rescue Plan Act of 2021 permits eligible employers of small and medium-sized businesses to claim refundable tax credits to reimburse them for the cost of providing paid time off for employees to receive COVID-19 vaccinations and recover from any potential side effects related to the vaccines. The tax credits are available from April 1 through September 30, 2021. This means that employers who provided employees with paid leave before April 1, 2021 will not be reimbursed for the wages paid.
Continue Reading IRS Provides Guidance on Tax Credits for COVID-19 Vaccination Paid Time Off
American Rescue Plan Act of 2021
New COBRA Premium Subsidy Law Requires Prompt Action by Employers and COBRA Administrators
By Melanie N. Aska & Erek M. Sharp on
Posted in Employment Law
On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (“ARPA”), a $1.9 trillion COVID-19 economic stimulus bill which provides eligible qualified beneficiaries with up to six months of free COBRA continuation coverage during a temporary COBRA premium subsidy period beginning April 1, 2021 and ending September 30, 2021.
Continue Reading New COBRA Premium Subsidy Law Requires Prompt Action by Employers and COBRA Administrators