941 COVID Credit extended to 2nd qtr?

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  • Snaggletooth
    Senior Member
    • Jun 2005
    • 3314
    #1

    941 COVID Credit extended to 2nd qtr?

    The title really asks the question. For the first qtr ended 03/30/21 there was a special credit against payroll taxes allowed for paying people with COVID. I would think in this era of govt bending over to make taxpayers happy this arrangement would be extended to the 941 for the second quarter. Has it??
    Tags: None
    • TAXNJ
      Senior Member
      • Jan 2007
      • 2106
      #2
      See if this addresses your post.

      New law extends COVID tax credit for employers who keep workers on payroll | Internal Revenue Service
      https://www.irs.gov/newsroom/new-law-extends-covid-tax-credit-for-employers-who-keep-workers-on-payroll
      IR-2021-21, January 26, 2021 — The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll.
      Always cite your source for support to defend your opinion

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        • Snaggletooth
          Senior Member
          • Jun 2005
          • 3314
          #3
          TAXNJ thanks. Your link pretty well paints the picture

          I understand further that the credit extends to those who take time off from work to get the vaccine, and may develop sickness after getting the vaccine. Is there a 2-day ceiling on this? A 4-day? 10 days?
          I hope there is a plain answer to this without having to read a 51-page cite.

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            • TAXNJ
              Senior Member
              • Jan 2007
              • 2106
              #4
              Not 51 pages but may help somewhat and also address number of days

              https://www.irs.gov/newsroom/employe...ue-to-covid-19
              Last edited by TAXNJ; 06-13-2021, 08:20 PM.
              Always cite your source for support to defend your opinion

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