Workers Can Use Leave to Get Vaccinated
Horsford Helped Secure Tax Credit in the American Rescue Plan
WASHINGTON, D.C. — Congressman Steven Horsford (D-NV-04) has announced that the IRS will continue to provide the Paid Leave Tax Credit to help local small businesses cover the costs of providing paid sick and family leave for workers through September.
“The COVID-19 pandemic has made clear that paid sick and family leave are critically important for the health and well-being of our communities. I’m proud that the American Rescue Plan extended key tax credits to help millions of workers take paid leave to get vaccinated and recover from illness,” said Congressman Steven Horsford. “These tax credits will help Nevada crush COVID-19 and provide much-needed support to our small businesses as they rebuild from the past year. Moving forward, we must ensure that comprehensive, paid leave is available to all workers.”
Along with using the leave to care for themselves and family who are sick, workers can also use leave to get their COVID-19 vaccinations and take time off to recover from any temporary side effects from the shot. Research has shown that states where employees gained access to paid sick leave through this tax credit experienced a slow-down in the spread of COVID.
Thanks to the American Rescue Plan that Congressman Horsford worked to pass, employers with fewer than 500 employees may receive up to $17,110 per employee to provide employees with up to 10 days of paid sick leave and up to 12 weeks of paid family leave from April 1 through September 30, 2021. Certain self-employed individuals in similar circumstances are entitled to similar credits as are schools, public hospitals and other state and local government employers.
Businesses can access the advanceable, refundable tax credit in real-time by reducing their amounts they set aside to pay payroll taxes and employee withholding, and then claim any excess on their quarterly tax filings or request for an advance payment from the IRS.
Roughly 6 million businesses and more than 30 million workers are eligible for this credit.
Businesses can find instructions for how to claim their credit here.