Vaccination Tax Credit - Important Note
April 22, 2021
President Joe Biden has announced a paid leave tax credit to employers that provide full pay for any employee who takes time off to get a COVID-19 vaccination. The tax credit is available to organizations with fewer than 500 employees, and it also provides full pay for employees who take time to recover from the vaccination. The credit covers up to $511 per day for each vaccinated employee and is funded by the American Rescue Plan.
Nearly half of all private-sector employers in the U.S. will be eligible for the tax credit. Employers also can review more details about the tax credit from the U.S. Department of the Treasury at treasury.gov/coronavirus
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