IRS Bulletin 2026-34 includes new guidance on the employer paid family and medical leave credit, along with an update affecting Form 1099-B specifications.
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INCOME TAX
Notice 2026-28, page 177.
This notice provides guidance on new requirements for the employer credit for paid family and medical leave under section 45S of the Internal Revenue Code following amendments made by Pub. L. 119-21, 139 Stat. 72 (July 4, 2025), commonly known as the One, Big, Beautiful Bill Act. The credit may be claimed by eligible employers and is equal to a percentage of wages paid or premiums paid or incurred with respect to qualifying employees for paid family and medical leave.
SPECIAL ANNOUNCEMENT
Announcement 2026-14, page 180.
This Announcement provides a revision to page 85, Part 6, Section 6.1.1 of Rev. Proc. 2026-18, 2026-30 I.R.B. 53 (July 20, 2026) to specify that Form 1099-B, like all other 2-to-apage forms, is 4.5 inches in height within the border lines and that all 3-to-a-page forms are 2.84 inches in height within the border lines.