Congress Passes ARPA With Many COVID-19 Payroll-Related Provisions
ThomsonReuters
MARCH 10, 2021
Allows for the credits for paid sick and family leave to be structured as a refundable payroll tax credit against Medicare tax only (1.45%), beginning after March 31, 2021. Increases the amount of wages for which an employer may claim the paid family leave credit in a year from $10,000 to $12,000 per employee.
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