Eligible employers who provide paid family and medical leave to their employees during tax years 2018 and 2019 might qualify for a new business tax credit. This new employer credit for family and medical leave is part of tax reform legislation passed in December 2017. Here are some facts about the credit to help employers find out if they might be able to claim it.
To be eligible, an employer must:
The credit applies to these dates:
The amount of the credit:
Here's what kind of leave qualifies:
Some employers are eligible to claim the credit retroactively to the beginning of their taxable year:
To claim the credit, employers will:
The Notice sets out special rules and limitations that apply:
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