The federal Tax Cuts and Jobs Act of 2017 contains an often-overlooked tax credit for employers that provide qualifying types of paid leave to their full- and part-time employees. The credit is available to any employer, regardless of size, if:
- The employer provides at least 2 weeks of paid family and medical leave annually for employees who have been with the company for at least 12 months
- The paid leave is at least 50 percent of the wages normally paid to the employee
The IRS has issued a set of frequently asked questions and a notice to help employers understand …