On 20 March 2020, the U.S. IRS issued a release on the implementation of the relief to employees and small and midsize businesses provided under the Families First Coronavirus Response Act, signed by President Trump on 18 March 2020. The release includes the following key takeaways:
Paid Sick Leave for Workers
For COVID-19 related reasons, employees receive up to 80 hours of paid sick leave and expanded paid child care leave when employees' children's schools are closed or child care provi…