IRS issues publication on new tax credits
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Thursday, June 18, 2020

IRS issues publication on new tax credits

By Payroll and Entitlements Editorial Staff

A recently issued IRS publication can help employers understand the tax credits available to them due to the coronavirus pandemic The publication breaks down the details of the employer retention credit and the credits for paid sick and family leave in easy-to-follow charts. Using the publication, employers can determine whether they are eligible for the credits, the amount of the credits and which wages apply to the credits. (IRS Publication 5419, New Employer Tax Credits, May 2020),

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