tax credit

Wikimedia Commons

Employers who offer paid family and medical leave to their workers earning up to $72,000 a year can receive tax credits under the new tax law, the government has affirmed.

Tucked into the new tax law is a provision that offers companies a tax credit if they provide paid family and medical leave for their lower-wage workers.

Many people support a national strategy for paid parental and family leave, especially for workers who are not in management and are less likely to get that benefit on the job. But consultants, scholars and consumer advocates alike say the new tax credit probably won't encourage many companies to take the plunge.

Nearly all of the 1.3 million Floridians who signed up for health insurance under the Affordable Care Act earned tax credits averaging $297 per person, per month, according to a report released by the U.S. Department of Health and Human Services.

As of Jan. 30, 93 percent of those enrolling earned the credits toward their monthly premiums. On average, monthly premiums for consumers dropped by 77 percent, from $384 to $88 per month, according to the report.

Floridians don’t have to wait until the crowds and glitches diminish on the federal website to see which local plans are available. They can view a PDF with all of the plans available in Florida and can also download information about the plans and prices for Florida and other states at this site