![\"COVID](\"https:\/\/www.kernuttstokes.com\/wp-content\/uploads\/2021\/04\/Covid-Vaccine-600x600.jpg\")
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Earlier this year, Congress passed the American Rescue Plan Act of 2021 (ARP). The Act provides a refundable tax credit for eligible employers that provide paid sick and family leave to their employees due to Covid-19. On Wednesday April 21, 2021, the IRS, in conjunction with President Biden, announced that employers that provide paid leave for employees to receive and recover from COVID-19 vaccinations are also eligible for these credits. The credits are only available for employers with fewer than 500 employees and is limited to wages paid between April 1, 2021 through September 30, 2021.The paid leave credits under the ARP are tax credits against the employer\u2019s share of the Medicare tax. The tax credits are refundable, which means that the employer is entitled to payment of the full amount of the credits if it exceeds the employer\u2019s share of the Medicare tax. The credit is claimed on the employer\u2019s Form 941\u00a0Employer\u2019s Quarterly Federal Tax Return<\/em>.<\/p>\n For more information,\u00a0click here<\/strong><\/a>\u00a0to read the IRS Fact Sheet.<\/p>\n