Payroll Tax Relief for Employers Affected by COVID-19

In response to the pandemic, Congress last year created four payroll tax relief programs. These programs were expanded in the Consolidated Appropriations Act (CAA), which was enacted last month. Eligible employers may qualify for one or more of the following four programs:

• payroll tax deferral;
• employee retention credit;
• paid sick leave credit; and
• paid family leave credit.

OMA Connections Partner RSM has published this updated summary of the four programs. It includes steps that employers can take to utilize the programs. 1/14/2021