> Covid-19 Update for March 23

Covid-19 Update for March 23

Good News From the IRS: The IRS has announced it will provide immediate reimbursement for Covid-19 related employee medical leave, up to the limits set by the Families First Coronavirus Response Act, for employers of up to 500 employees. The cost of not just the leave but also of health insurance during the leave will be covered. You'll be able to deduct the costs of on-leave employees' pay and insurance from your payroll tax payments; if your costs are higher than your payroll tax due, you can apply for accelerated payment from the IRS. Please consult your payroll or tax professional for details.

New Paid Leave Requirements:
  • Employees of eligible employers can receive two weeks (up to 80 hours) of paid sick leave at 100% of the employee's pay where the employee is unable to work because the employee is quarantined, and/or experiencing COVID-19 symptoms, and seeking a medical diagnosis.
  • An employee who is unable to work because of a need to care for an individual subject to quarantine, to care for a child whose school is closed or child care provider is unavailable for reasons related to COVID-19, and/or the employee is experiencing substantially similar conditions as specified by the U.S. Department of Health and Human Services can receive two weeks (up to 80 hours) of paid sick leave at 2/3 the employee's pay.
  • An employee who is unable to work due to a need to care for a child whose school is closed, or child care provider is unavailable for reasons related to COVID-19, may in some instances receive up to an additional ten weeks of expanded paid family and medical leave at 2/3 the employee's pay.
  • Employers with fewer than 50 employees are eligible for an exemption from the requirements to provide leave to care for a child whose school is closed, or child care is unavailable in cases where the viability of the business is threatened.

Refundable Tax Credits for Paid Leave:
  • For an employee who is unable to work because of Coronavirus quarantine or self-quarantine or has Coronavirus symptoms and is seeking a medical diagnosis, eligible employers may receive a refundable sick leave credit for sick leave at the employee's regular rate of pay, up to $511 per day and $5,110 in the aggregate, for a total of 10 days.
  • For an employee who is caring for someone with Coronavirus, or is caring for a child because the child's school or child care facility is closed, or the child care provider is unavailable due to the Coronavirus, eligible employers may claim a credit for two-thirds of the employee's regular rate of pay, up to $200 per day and $2,000 in the aggregate, for up to 10 days.
  • In addition to the sick leave credit, for an employee who is unable to work because of a need to care for a child whose school or child care facility is closed or whose child care provider is unavailable due to the Coronavirus, eligible employers may receive a refundable child care leave credit. This credit is equal to two-thirds of the employee's regular pay, capped at $200 per day or $10,000 in the aggregate. Up to 10 weeks of qualifying leave can be counted towards the child care leave credit.
  • Eligible employers are entitled to an additional tax credit determined based on costs to maintain health insurance coverage for the eligible employee during the leave period.

Final guidance on this program has yet to be released by the IRS; visit the IRS Coronavirus Tax Relief site for more information as it becomes available.


Events

Take Out And Win
Now at Windsor Restaurants
WinWag Photo Contest 2020
through May 29 at online
Graphic Novel Book Club
May 26 at on zoom
Re-opening of ASHLEY'S Distinctive
May 26 at ASHLEY'S Distinctive Jewelry & Gifts
Virtual Trivia Night
Wednesdays at online
Veterans Coffee Hour POSTPONED
4th Thursdays at Windsor Senior Center, 599 Matianuck Avenue, Windsor, CT
Blood Pressure Screening POSTPONED
1st Wednesdays at Senior Center located at LP Wilson Community Center.
Awards, Dinner & Dancing POSTPONED
Jun 5 at Hartford/Windsor Marriott, 28 Day Hill Road
Board of Directors Mtg
Jun 9 at online
B.P. Educational Sessions
Jun 10 at Windsor Town Hall
Business After Hours
Jun 10 at House of Books and Games, 1073 Palisado
HBG RPG Nights - Postponed
monthly at The Bean @ 226
Programs Committee Mtg
Jun 15 at online
Tourism Committee Meeting
3rd Tuesdays at online
Lunch Program - 60+ Delivery/PickUp
Weekdays at The Senior Center
Veterans Coffee Hour POSTPONED
4th Thursdays at Windsor Senior Center, 599 Matianuck Avenue, Windsor, CT
Drop in Adult Games Postponed
Jun 27 at Luppoleto Brewery, 20 Main St Windsor Locks
Blood Pressure Screening POSTPONED
1st Wednesdays at Senior Center located at LP Wilson Community Center.
B.P. Educational Sessions
Jul 1 at Windsor Town Hall
HBG RPG Nights - Postponed
monthly at The Bean @ 226
Board of Directors Mtg
Jul 14 at online
Programs Committee Mtg
Jul 20 at online
Lunch Program - 60+ Delivery/PickUp
Weekdays at The Senior Center
Tourism Committee Meeting
3rd Tuesdays at online
Veterans Coffee Hour POSTPONED
4th Thursdays at Windsor Senior Center, 599 Matianuck Avenue, Windsor, CT
Drop in Adult Games Postponed
Jul 25 at Luppoleto Brewery, 20 Main St Windsor Locks