The Internal Revenue Service (IRS) recently released guidance on the employer tax credit for paid family and medical leave. A tax credit is available to employers who meet certain criteria outlined in this “Compliance Bulletin.” Paid leave provided through an employer’s short-term disability program may qualify as paid family and medical leave if it meets all applicable requirements of Code Section 45S. Links to Section 45S and the original IRS notice are provided in the “Overview” section of the bulletin.
Contact your Cowden representative for more information on this or other compliance issues.