The White House is trying to juice America’s vaccination rate.
On Wednesday, the Biden administration highlighted a paid-leave provision in the $1.9 trillion American Rescue Plan Act, which was passed on March 11. The IRS, also on Wednesday, codified the tax credit, which broadly offsets the cost for employers with fewer than 500 employees to provide full pay for any time their employees need to get a COVID-19 vaccination or recover from that vaccination.
In the briefing, the Biden administration urged businesses to act. “Now is the time to step up our efforts to reach every working-age adult in America.”
For the remaining details, click here: Give PTO for Covid Vaccines and Get up to $5,110 in Tax Credits Per Employee