COVID-19 Vaccination Tax Credit Available For Businesses

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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.

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