IRS Issues Guidance on Tax Credit for Family & Medical Leave

taxcreditforfamilymedicalleave

Employers that provide paid family and medical leave for their employees may be eligible for a tax credit for 2018 and 2019 taxable years. The IRS recently provided Q&A guidance on some of the technical aspects of the tax credit, including which employers are eligible to claim the credit. This Compliance Bulletin provides a high-level overview of the tax credit and includes key points from the IRS’ Q&A.

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Amanda S