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IRS Offers Guidance to Employers for Reporting Coronavirus Sick and Family Leave Wages

7/09/2020

The IRS and the Treasury Department have published Notice 2020-54, requiring employers to report the amount of qualified sick and family leave wages paid to employees under the Families First Coronavirus Response Act (FFCRA) on Form W-2.

These are amounts that eligible employers, including private colleges and universities with fewer than 500 employees, may claim a tax credit for under FFCRA. The credit applies to amounts employers pay for sick and family leave wages between April 1, 2020 and December 31, 2020.

Employers are required to report these amounts either on Form W-2, Box 14, or in a statement provided with the Form W-2. The notice provides employers with model language that can be used in W-2 instructions for employees.

Contact

Mary Bachinger

Director, Tax Policy

202.861.2581

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