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Tax Reform Law - Comparison of Pre- and Post-Reform Provisions Affecting Employers

Author: Rena Pirsos, XpertHR Legal Editor

On December 22, 2017, President Trump signed into law sweeping tax reform legislation that affects an employer's legal compliance with several key payroll and fringe benefits provisions. +115 H.R. 1. The legislation also repeals the individual mandate requirement of the Affordable Care Act (ACA), creates a new employer tax credit related to the Family and Medical Leave Act (FMLA) and eliminates the employer business deduction for certain expenses incurred in regard to sexual harassment or sexual abuse settlements that are contingent on a nondisclosure agreement.

The following chart provides a comparison of the status of these provisions before the tax reform legislation (i.e., through December 21, 2017) and after the tax reform legislation. The changes are effective January 1, 2018, unless noted otherwise.