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July 8, 2020

IRS provides guidance on reporting qualified sick leave and family leave wages under the Family First Act

The IRS has issued guidance (Notice 2020-54) addressing the requirement for employers to report the amount of qualified sick leave wages and qualified family leave wages paid to employees under the Family First Act. Form W-2, Box 14, or a separate statement must be used to report these amounts. This reporting requirement will provide self-employed workers who are also employees with the information they need to determine the amount of any sick and family leave equivalent credits that they may claim as self-employed individuals.