Sick leave wages subject to the $511 per day limit because of care you required Specifically, up to three types of paid qualified sick leave wages or qualified family leave wages are reported in Box 14: Included in Box 14, if applicable, are amounts paid to you as qualified sick leave wages or qualified family leave wages under the Families First Coronavirus Response Act. The notice includes sample language that can be used (by reporting agencies) as part of the Instructions for Employee under the instructions for Box 14 of the W-2, or in a separate statement sent to the employee. IRS Notice 2020-54 provides a full discussion of reporting FFCRA wages on the W-2. The reason the IRS is requiring separate FFCRA leave reporting is to allow those employees who are also self-employed to have the information necessary to properly claim qualified sick leave equivalent or qualified family leave equivalent credits under the FFCRA. The Families First Coronavirus Response Act (FFCRA) offered employee paid sick leave and expanded family and medical leave.įFCRA wages are included in the gross amounts reported in boxes 1, 3, and 5 of the W-2 however, the Internal Revenue Service (IRS) has additionally required that FFCRA wages paid in 2020 be reported separately in Box 14 of the W-2 or on a separate statement for the employee. This blog will look at how to properly report FFCRA wages and associated issues. As local government agencies are getting ready to issue W-2s for 2020, they should be aware of a new requirement: reporting Families First Coronavirus Response Act (FFCRA) wages.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |