COVID-19 Vaccination Tax Credit Available For Businesses
April 26, 2021—Small businesses can receive a tax credit for providing employees paid-leave to get and recover from a COVID-19 vaccine, Society for Human Resource Management (SHRM) reported.
President Biden highlighted the plan, which allows organizations with fewer than 500 employees to receive the tax credit. It covers up to $511 per day for each vaccinated employee.
According to recent SHRM research, 11 percent of employed Americans say they would consider getting the vaccine if their employer offered up to $150, and 21 percent would consider getting the vaccine if offered more than $150.