Question

Which is TRUE about the Credit for Paid Leave? Employers with fewer than 50 employees are...

Which is TRUE about the Credit for Paid Leave?

Employers with fewer than 50 employees are not eligible for the credit.

Employees who were laid off and rehired may also be eligible for the paid leave, thus making the employer eligible for the credit.

The credit cannot be claimed by anyone claiming the Employee Retention Credit.

The credit cannot be claimed by anyone who has a Paycheck Protection Program (PPP) loan that will be forgiven.

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Which is TRUE about the Credit for Paid Leave?
The credit cannot be claimed by anyone claiming the Employee Retention Credit.
Reason- If you choose to take the Employee Retention Credit and the paid leave credits, you can't claim those credits on the same wages. Because you can only claim the paid leave credits on paid leave wages, you cannot claim the Employee Retention Credit on FFCRA paid leave wages
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