Full- and part-time employees, self-employed individuals, independent contractors and gig workers who find themselves unable to work or out of a job because of COVID-19 are eligible for additional financial relief under emergency federal provisions that took effect earlier this month. Two measures recently passed by Congress and signed by President Donald Trump seek to ensure that individuals will not have to forgo a paycheck when they are unable to work due to restrictions, closures or illness caused by the virus.
Families First Coronavirus Response Act provides paid emergency sick and family medical leave
Under the federal Families First Coronavirus Response Act (FFCRA), as of April 1, private employers with under 500 employees (and public employers) are required to provide two new types of leave to employees: emergency paid sick leave (EPSL) and emergency family and medical leave (EFML). Employers are entitled to tax credits for any wages paid or costs incurred in connection with EPSL or EFML taken. Self-employed individuals, including independent contractors and partners in partnerships, are entitled to income tax credits under the act as well, to cover days of leave and wage amounts as if they were regular employees. Employers with less than 50 employees may be exempt if providing the leave will affect the viability of their business.
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