Families First Coronavirus Response Act
Consolidated Appropriations Act, 2021 Updates to FFCRA Benefits
The original FFCRA leave tax credits (see below) were extended through March 31, 2021. The mandate to provide the leave was not extended beyond December 31, 2020, but companies can still claim the credit for payments made to eligible employees with qualifying leave.
Families First Conronavirus Response Act (March 18, 2020)
age under construction.
Employees Sick Leave Program
The Act requires that any employers with 500 or few employees provide Emergency Paid Sick Leave to employees for any of the following reasons:
Family Leave Program
The Act requires provide Sick Leave to any employee required to care for a family member for such purposes or to care for a child whose school or day care provider has closed or is unavailable due to the Coronavirus.
The sick leave credit for each employee would be equal to their wages, limited to $511 per day while the employee is receiving paid sick leave to care for themselves, or $200 if the sick leave is to care for a family member or child whose school is closed. An additional limit applies to the number of days per employee: the excess of 10 days over the aggregate number of days taken into account for all preceding calendar quarters.
The Act provides tax credits to small to medium size employers to cover wages paid to employees while they are taking time off under the bill's sick leave and family leave programs.
Employers don't receive the credit if they're also receiving the credit for paid family and medical leave in Code Sec. 45S.
Comparable Credits for The Self-Employed
The Act also provides for similar refundable credits against the self-employment tax. It covers 100% of a self-employed individual's sick-leave equivalent amount, or 67% of the individual's sick-leave equivalent amount if they are taking care of a sick family member or taking care of a child following the child's school closing. The sick-leave equivalent amount is the lesser of average daily self-employment income, or $511/day to care for the self-employed individual, or $200/day to care for a sick family member or child following a school closing.
Self-employed individuals could receive a family leave credit for as many as 50 days multiplied by the lesser of $200 or their average self-employment income.