Tax Tip #320

The Paid Family and Medical Leave tax credit is available to employers and includes employees with at least six months of service and part-time employees who work 20 or more hours per week. Employers can now claim the business credit, ranging from 12.5% to 25% of wages paid to qualifying employees for up to 12 weeks of family and medical leave per taxable year. 

There are two methods to calculate the credit. If you qualify and need assistance in calculating the credit, reach out for assistance.