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Health & Welfare Plans Newsletter

BULLETIN
July 29, 2021

 

[Official Guidance]

IRS Information Release 2021-160: Paid Leave Credit Available for Providing Leave to Employees Caring for Individuals Obtaining or Recovering from a COVID-19 Immunization (PDF)

"The IRS today updated frequently asked questions (FAQs) on the paid sick and family leave tax credits under [ARPA]. The updates clarify that eligible employers can claim the credits for providing leave to employees to accompany a family or household member or certain other individuals to obtain immunization relating to COVID-19 or to care for a family or household member or certain other individuals recovering from the immunization.

"The paid sick and family leave credits reimburse eligible employers for the cost of providing paid sick and family leave for reasons related to COVID-19. The revised FAQs make clear this includes leave taken by employees to care for certain individuals to obtain immunization relating to COVID-19 or to recover from immunization relating to COVID-19. This new reason for paid sick or family leave also applies for the comparable credits for self-employed individuals."

BenefitsLink note: the following Revised sections of the FAQs have been updated as of July 29, 2021:

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Internal Revenue Service [IRS]

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BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.

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