The Taxpayer Certainty and Disaster Tax Relief (TCDTR) Act of 2020 was enacted Dec. 27, 2020 to provide tax relief in the form of tax credits for eligible employers. It’s important to note the difference between a ‘tax break (or write-off)’ and a ‘tax credit.’ A tax credit is dollar-for-dollar relief on payroll taxes in this instance, where as a …
