WASHINGTON — The United States will offer tax credits to businesses that grant their employees time off to receive a Covid-19 vaccine or recover from its side effects, the Treasury Department said on Wednesday.
The credits are aimed at companies and tax-exempt organizations with fewer than 500 employees, as well as some government offices, and are paid for by the $1.9 trillion American Rescue Plan President Joe Biden signed last month.
“Eligible employers may claim tax credits for sick and family leave paid to employees, including leave taken to receive or recover from Covid-19 vaccinations, for leave from April 1, 2021, through September 30, 2021,” according to details of th…
Keep on reading: US offers business tax credits for COVID-19 vaccinations