Employers may claim the Employee Retention Tax Credit and the tax credits available under the Families First Coronavirus Response Act (FFCRA) for relief during the COVID-19 pandemic. They do this first, by reducing the employer portion of Social Security taxes, and then, by reducing the employer’s payroll deposits in an amount equal to the refundable portion of the accrued credits, instead of depositing said amount with the IRS.

My colleagues Victoria Hanohano-HongGerhard SchulteMark Snider and Dave Tumen explain to to claim these credits via payroll in this Employer Law Report blog.