Disclaimer: This is general tax advice so don’t sue me. I personally have been slow about getting the vaccine. I can justify it that I’m relatively young and healthy. I already have had COVID and still have antibodies (verified every two months when I donate blood). But the real reason is I’m not looking forward to getting sick from the vaccine. The listed side effects are: fatigue, headache, muscle pain, joint pain, chills, nausea, vomiting, and fever. A couple of my friends had a harder time with the vaccine than they did with COVID.
But now there is some economic incentive to getting vaccinated! I recently found out that the time you take off to get vaccinated as well as the time you need to recover falls under the FFCRA tax credit. Here’s what you need to know:
- Employees: Track any time you had to take off to get vaccinated or to recover. Report it to whoever does your payroll.
- Self-Employed & Clergy: Track any time you had to take off to get vaccinated or to recover. Report this to your tax preparer…next January.
- Guidance from Wespath: https://www.wespath.org/assets/1/7/5693.pdf
- Claiming Tax Credit for Lay Employees: https://jctaccounting.com/2020/11/13/families-first-tax-credit-for-lay-employees/
- Claiming the Tax Credit for Pastors: https://jctaccounting.com/2020/11/20/families-first-tax-credit-for-clergy/