COVID-19 Vaccination Tax Credit Available For Businesses

April 26, 2021
President Biden highlighted the plan, which allows organizations with fewer than 500 employees to receive the tax credit.

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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Ratchet+Wrench Staff Reporters

The Ratchet+Wrench staff reporters have a combined two-plus decades of journalism and mechanical repair experience.

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