Summary of COVID-19 Employer Payroll Tax Incentives
Two COVID-19 legislations give generous tax incentives for employers through a payroll tax. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) were signed on March 27, 2020, it was a supplement to Families First Coronavirus Response Act (FFCRA), signed March 18, 2020. The payroll tax provisions in both legislations are: Employee Retention Credit: A […]
