<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=118459&amp;fmt=gif">
Show all

IRS Releases FAQs for Paid Family & Medical Leave Employer Credit

paid family & medical leave employer credit

The IRS recently released FAQs regarding the Paid Family & Medical Leave employer credit and indicated that additional guidance will be forthcoming. The FAQs provide a helpful summary of the credit eligibility rules. They also clarify that the wages used for this credit may not be used for other business credits and deductions must be reduced for any wages related to the credit by the amount of the credit.

The temporary tax credit, effective for 2018 and 2019, is for employers that provide paid family and medical leave. The credit is available for up to 12 weeks of paid family and medical leave per tax year.

Download the FAQs. Stayed tuned to our blog for the latest information.

 

National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

people sitting at table working with the word compliance over the image
Download: 2018 ACA Compliance Checklist
April 30, 2018
Alert! HSA Family Coverage Contribution Limit Changed... Again!
April 30, 2018
Erin Woulfe

Erin Woulfe

Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002. “I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization, or providing tips and how-to’s to help them make their job easier.”