Employer Tax Credits Related to COVID-19 and Beyond

  • Tax strategies
  • 4/17/2020
Business Woman Sitting On Desk

Legislation passed in response to
COVID-19 brings organizations additional relief options, including new employer credits.

Key insights

  • The CARES Act and Families First Coronavirus Response Act expand the employer tax credits available to organizations.
  • This brings significant opportunity for organizations to get the help they need.
  • Our side-by-side comparison chart can help guide you to your best path.

Employer tax credits related to hiring and retaining a workforce are as impactful as ever to cash flow and savings opportunities. Several new credits have been born as part of the COVID-19 related legislation, and several continue to be in effect to support employers as they keep their workforces engaged and manage turnover.

The chart below shows the types of available credits, the employers who may qualify for them, and the interplay between the credits. This information is designed to provide clarity to employers about what benefits may be available given their current circumstances.

Compare your employer credit options with our chart

[Click to enlarge.]

Employer Credits

How we can help

Ready to take the next step? Read an overview of COVID-19 employment tax credits for a summary of how employers can claim these credits and defer employment taxes. CLA is here to help navigate these credits and to do the work necessary to make sure you capture the available opportunities for your organization.

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