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The FFCRA Refundable Tax Credit is a financial relief program established by the U.S. government under the Families First Coronavirus Response Act (FFCRA). It provides eligible self-employed individuals with tax credits to offset the cost of providing sick leave and family leave to employees affected by COVID-19. These credits can help self-employed individuals recover a portion of the wages paid to employees who take leave due to COVID-19-related reasons. To access this benefit, self-employed individuals should consult the official IRS website or a tax professional for comprehensive information and guidance on how to claim the tax credit. If you want to learn more, please get in touch with us.
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