Report: Many Employers Not Taking Advantage of COVID-19 PTO Credit

Many business owners are encouraging their employees to get the COVID-19 vaccine — but according to a report by the Cincinnati Business Courier (subscription), many employers aren’t pursuing available tax credits for providing paid time off for workers to be vaccinated.

The U.S. Department of the Treasury has stated that employers can take tax credits for up to 80 hours of paid sick leave equal to the employee’s regular wage, capped at $511 a day — up to $5,110. Businesses can claim the credit quarterly through Sept. 30 of this year. 6/9/2021