CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / Tax Credits Available to Small Employers to Provide Paid Leave to Employees Receiving COVID-19 Vaccines

Tax Credits Available to Small Employers to Provide Paid Leave to Employees Receiving COVID-19 Vaccines

April 22, 2021 By CollisionWeek Editor

The Treasury Department and the Internal Revenue Service announced further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving COVID-19 vaccinations.

Eligible employers, such as businesses and tax-exempt organizations with fewer than 500 employees and certain governmental employers, can receive a tax credit for providing paid time off for each employee receiving the vaccine and for any time needed to recover from the vaccine. For example, if an eligible employer offers employees a paid day off in order to get vaccinated, the employer can receive a tax credit equal to the wages paid to employees for that day (up to certain limits).

The additional details, provided in a fact sheet released today by the IRS spell out some basic facts about the employers eligible for the tax credits. It also provides information on how these employers may claim the credit for leave paid to employees related to COVID-19 vaccinations.

For more details on how the paid leave tax credits from the American Rescue Plan will work for employers to enable employees to get vaccinated and recover from after-effects of vaccination, as well as for other purposes, see the snapshot below also released today by Treasury or download as a pdf file. 

Paid Leave Credit Snapshot

 

Filed Under: News Tagged With: Coronavirus, Tax Credits, U.S. Treasury Department

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Classic Collision Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Diagnostics Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • Wholesale Used-Vehicle Prices Up in April May 8, 2025
  • Axalta Coating Systems Increases Support of Penn College May 8, 2025
  • CCC Joins AI Governance Alliance to Advance Responsible AI Across the Property-Casualty Insurance Industry May 8, 2025
  • Refinish Distributors Alliance Holds Spring Impact Performance Conference in San Diego May 8, 2025
  • Collision Repair Industry Production Down in March Compared to Last Year May 7, 2025
  • Axalta Reports First Quarter Sales of $1.26 Billion May 7, 2025
  • Ford Raising Sticker Prices on Vehicles Produced in Mexico May 7, 2025

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved ยท Log in