Cares Act And Ffcra Provisions Expiring
The FFCRA required covered employers to provide specified paid sick and family leave to employees affected by COVID-19, and provides affected employers with a corresponding employment tax credit. However, qualified FFCRA leave wage payments and associated tax credits may occur in 2021, if the FFCRA leave was taken in 2020. For example, an individual on qualified FFCRA leave in the last week of December may be paid for such leave in 2021.
Instead, borrowers will need only to demonstrate that t […]