Employers should be aware that the new federal tax law includes an employer credit for paid family leave. The provision was developed as an alternative to state and federal paid leave mandates. The goal is to incentivize employers to offer paid family leave. Employers that currently provide paid family leave and those considering adding it should take a close look at this new credit and address their options with a tax professional.
For more information, contact Wendy Block at firstname.lastname@example.org.