Page 387 - Small Business IRS Training Guides

Tax Cuts and Jobs Act

Provision 13403

Paid Family and Medical Leave

Overview

Introduction

There are many non-refundable general and small business tax credits reportable on Form 3800, General Business
Credit. The instructions to the form provide guidance on the ordering of allowable credits and the rules for allowable
carry-forwards and carry-backs.

This lesson provides an overview of the newly created tax credit for paid family and medical leave to be reported on

Form 3800 and calculated on new Form 8994, Employer Credit for Paid Family and Medical Leave.

Objectives

At the end of this lesson, you will be able to identify the general provisions of the paid family and medical leave tax credit.

73233-102 13403-1 Tax Cuts and Jobs Act