IR2020-57- COVID pay

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  • kathyc2
    Senior Member
    • Feb 2015
    • 1974
    #1

    IR2020-57- COVID pay

    I'm reading this as if an employee receives pay under this, that paycheck is not subject to FICA or witthholding? Then the gross pay can also be be used to reduce the 941 deposit?

    https://www.irs.gov/newsroom/treasur...ng-coronavirus
    Tags: None
    • ttbtaxes
      Senior Member
      • Jan 2011
      • 580
      #2
      Thanks for sharing. This is going to get complicated.

        Comment

        • mlee23message
          Junior Member
          • Mar 2020
          • 1
          #3
          yes, and yes
          see H.R. 6201 – The Families First Coronavirus Response Act (FFCRA)

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