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The Biden Administration Is Granting
Tax Credits to Small Businesses Which Allow Employees PTO to Get Vaccinated

Now that all American adults are eligible to receive the COVID-19 vaccine, states are ramping up vaccine efforts and drug manufacturers are increasing available supply. As this plays out, the White House announced an up-to $511 per day, per employee vaccine tax credit available to small businesses that grant paid time off to employees getting and recovering from injection.

Eligibility extends to businesses with fewer than 500 employees, and vaccine tax credits may apply retroactively to instances of COVID-related paid sick leave dating as far back as April 2020.

From now through September 30, 2021, eligible businesses can claim up to $511 per day, per employee for up to 80 hours if said employee used PTO or sick leave to quarantine, recover from COVID, obtain/recover from a vaccine, or await the results of a test.

Businesses can claim a credit for two-thirds of an employee’s wages (up to $200 per day for up to 80 hours) if said employee used PTO or sick leave to care for a family member or other individual quarantining or recovering from COVID.

The vaccine tax credit can be claimed as soon as your business’ next quarterly filing. On a more human level, your business’ efforts to get employees vaccinated will bring us all closer to herd immunity and a full reopening.

To review further details of the plan, visit the U.S. Department of the Treasury’s coronavirus relief page.

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