Signed on December 22, 2017, the Tax Cuts and Jobs Act (US H.B. 1) created a federal tax credit (IRC § 45S) for employers that annually and voluntarily offer up to 12 weeks of paid family and medical leave to qualifying employees under a written policy. A qualified employee is someone who works for the employer for at least one year and who was paid no more than 60 percent of the highly compensated employee (HCE) rate during the preceding year ($72,000 for 2017 and 2018).
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