Employment Tax Credit Incentives Added to Encourage Employers to Provide Relief to Employees
By EsqSocial Corporation 11/01/21
Extension of Credit for Paid Leave Provided When There Is No State or Local Law Mandating Such Paid Leave The Consolidated Appropriations Act, 2021 (the “Act”) amended many provisions. It amended the employer credit under code section 45S(i), which provides a credit to an employer for providing paid family and medical leave to employees who are not eligible for the federal Family and Medical Leave Act. The credit ranges between 12.5% and 25% of the amount paid towards a paid leave. This is a...
By: Jackson Walker