Tax credit for employers providing paid family and medical leave

Written on May 01, 2020

October is National Work and Family Month. The IRS reminds employers about the Credit for Paid Family and Medical Leave, a business credit based on a percentage of wages paid to qualifying employees while they’re on family and medical leave.

To claim the credit, eligible employers must have a written policy in place with certain requirements, including:

  • At least two weeks of paid leave to full-time employees (prorated for part-time employees), and
  • The paid leave must be at least 50% of the wages normally paid to the employee.
For more information, see IRS Publication 5327, New tax credit for employers who provide paid family and medical leave.

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