2019 – 03/18 – Could your business benefit from the tax credit for family and medical leave?

The Tax Cuts and Jobs Act created a federal tax credit for employers that provide qualified paid family and medical leave to employees. However, it’s subject to numerous rules and is only available for the 2018 and 2019 tax years. An eligible employer can claim a credit equal to 12.5% of wages paid to qualifying employees who are on family and medical leave, if the leave payments are at least 50% of the normal wages paid to them. For each 1% increase over 50%, the credit rate increases by 0.25%, up to a maximum credit rate of 25%. Contact us for more information.

Get a Free Consultation Today!

Let's Get Started

Contact Us

Reach out to us anytime and one of our experts will be ready to answer your questions.

Copyright 2019 Watson CPA | Certified Public Accountants