Starting this year, employers can take
advantage of a new credit for paid family and medical
leave created by the Tax Cuts and Jobs Act. Employers may claim the credit based
on wages paid to employees while they are on leave for the birth of a child, a
serious health condition, and other family and medical events.
The credit is a percentage (ranging between 12.5 percent to 25
percent) of the amount of wages paid to an employee while on family and medical
leave for up to 12 weeks.The credit is set to expire after the 2019 tax year, however, so keep this in mind for long-term planning.
