Family and Medical Leave Credit

Recognizing Your Family & Medical Leave Credit

Employers paying wages while qualifying employees are on Family or Medial Leave could be rewarded thanks to the Tax Cuts and Jobs Act (TCJA). The Family and Medical Leave Credit allows for qualifying employers that pay at least 50% of the salaries of employees on family or medical leave up to a 25% credit on those qualifying wages.

Employers that have a written policy in place to pay at least 50% of normal wages while an employee is on family and medical leave could claim a portion of the wages for those employees making less than $72,000 a year. We can assist by identifying eligible wages and completing the computation of the credit.

This additional credit is available for 2018-2025* tax returns and could result in additional tax savings. (*The Consolidated Appropriations legislation extended the credit from 2020 through 2025)

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Julie Helms, CPA | Director, Specialty Tax Services

The Lurie Difference: A Streamlined Process

Lurie’s Specialty Tax Services advisors offer unique tax savings and reduction strategies for businesses and their tax concerns. The team works closely with you and your service partners to provide counsel and execution on matters that extend far beyond compliance. This close collaboration provides not only coordinated, seamless service with specialists who have deep expertise, but also delivers true dollar cost savings. Here is what to expect: 

We Examine Your Indicators

Employers providing at least two weeks of paid family and medical leave to all qualifying full-time employees

We Help You Uncover Benefits

Credit of up to 25% on qualifying wages

Questions? Let's start a conversation.

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