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Showing 2 posts in Tax Implications.

Hinshaw E-alert on a New Employer Tax Credit for Paid FMLA

The Hinshaw employment team recently published an e-alert on a topic that should also be of interest to our blog readers. The alert describes a provision in the new tax law that provides a tax credit for employers who offer paid FMLA leave to eligible employees, along with a description of eligibility requirements. You can read the alert on the Hinshaw website.

New York Paid Family Leave: Tax Implications and Guidance

The New York State Department of Taxation and Finance (“Department”) recently released its guidance on the tax implications of the New York Paid Family Leave Benefits (“PLF”) law for New York employees, employers, and insurance carriers. Effective January 1, 2018, PFL will provide eligible employees with up to 8 weeks of pay for a leave of absence when the leave is necessary to care for a family member’s serious health condition, care for or bond with a new child, or to help with family responsibilities when the employee’s spouse, domestic partner, child or parent is called to active military duty. The weeks available for paid leave will increase each year until 2021, with ten weeks available 2019-2020 and twelve in 2021 and subsequent years. More ›

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