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Coronavirus relief bill contains tax credits for employers

Source: journalofaccountancy.com - Mar 20, 2020

The coronavirus relief bill signed by President Donald Trump late Wednesday contains, among its many provisions, several tax credits for employers who provide paid sick leave or family or medical leave for their employees who miss work for various coronavirus-related reasons. The Families First Coronavirus Response Act, H.R. 6021, passed the House of Representatives on Monday by unanimous consent and passed the Senate Wednesday by a vote of 90–8.

Here is a look at its tax credit provisions.

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Category: General Business