FMLA-Based Employer Credit Under the TCJA Addressed in IRS Guidance | Practical Law
The Internal Revenue Service (IRS) has issued Q&A guidance addressing the employer credit for paid family and medical leave under Section 45S of the Internal Revenue Code (Code) (IRS Notice 2018-71 (Sept. 24, 2018)). The Section 45S employer credit was added under tax reform legislation enacted in December 2017 (Tax Cuts and Jobs Act (TCJA), Pub. L. No. 115-97 (2017)).