05 August 2026 Guidance released on IRC Section 45S employer credit for paid family and medical leave The IRS and Treasury Department on August 5, 2026, in Notice 2026-28 (the Notice), issued guidance on the employer tax credit for paid family and medical leave under IRC Section 45S, which was expanded and made permanent by the "One Big Beautiful Bill Act." Taxpayers may rely on the guidance provided in the Notice for tax years beginning after December 31, 2025, and before the issuance of proposed regulations. A Tax Alert is forthcoming.
Document ID: 2026-1677 | ||
