The IRS has finally updated its website with information about the family leave tax credit that was included in the tax overhaul passed in December. The family leave tax credit allows employers to claim a tax credit for a certain percentage of their employees' wages if the workers are provided with paid family or medical leave.
Employers qualify if they offer workers at least two weeks of leave at a minimum of 50 percent pay. The size of the credit varies based on the generosity of the benefit, from 12.5 percent to 25 percent of family or sick leave wages paid.
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