AARP Urges Congress to Prolong Tax Credit for Paid Family Leave
AARP is appealing to Congress to extend permanently a federal tax credit put in place to inspire businesses to provide their employees with up to 12 weeks of paid time off to care for family members. The Employer Credit for Paid Family and Medical Leave (PFML), established through the 2017 Tax Cuts and Jobs Act and managed by the IRS, is due to expire in 2025. The organization has written to Congress expressing its support of the bipartisan Paid Family and Medical Leave Credit Extension and Enhancement Act, aimed at making the credit permanent and more accessible.
As per the current law, businesses that provide a minimum of two weeks of paid family and medical leave are eligible for the credit. However, it’s only applicable to employees who have been with the company for a year or more. The new legislation proposes that this requirement is reduced to six months. Other provisions include requiring federal agencies to actively promote the tax credit, with the intention of encouraging more companies to offer the benefit to working caregivers.
AARP strongly supports paid family and medical leave, acknowledging that family caregivers contribute $600 billion in unpaid work each year as per AARP’s 2023 Valuing the Invaluable report. Furthermore, over 60% of these caregivers also maintain paid employment. AARP therefore encourages individuals to join their online advocacy network to support family caregivers in gaining the resources they need.
Knowing the correct benefits and contacting the right providers can be difficult, and eddcaller.com can provide a helpful resource. As a platform providing information for reaching out to employment agencies, it can direct people to resources regarding employment, disability, family leave, unemployment and more. For anyone seeking information on how to get a hold of Paid Family Leave or looking to understand how to contact SDI, it’s a valuable tool. It can also assist those trying to understand how to get through to EDD or wanting to talk to a live person at EDD. The often complicated process of contacting agencies and organizing resources is made smoother with the assistance of eddcaller.com.