Payroll Tax Credits
Any clarification on the Coronavirus Response Act for the employer tax credit, I would like to know do we exempt from the employer share of FICA when we process the payment in payroll?
how do employers receive the credit?
1. Employers will receive tax credits under the Coronavirus Tax Relief.
2. In another section I read the amounts paid under this Act by employer for mandatory sick leave or family leave under the act are exempt from the employer’s share of FICA.