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IRS Clarifies Qualified Sick Leave Wages Reporting

By Net Assets posted 09-10-2021 12:41 PM


(from Journal of Accountancy) On September 7, the IRS detailed how employers must report qualified sick leave wages and qualified family leave wages for leave provided to employees in 2021. Under Notice 2021-53, employers are required to report the qualified leave wages on either box 14 of a 2021 Form W-2, Wage and Tax Statement, or on a separate statement. Qualified sick and family leave wages are wages and compensation paid by an employer that are required to be paid under the Families First Coronavirus Response Act (FFCRA). The notice also provides model language for optional additional information and instructions to employees regarding the qualified leave reported in box 14 of Form W-2 or the separate statement.

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