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Taxbyte
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RS Notice 2026-28 explains the newly permanent §45S paid family and medical leave credit, now covering part-time workers and newer employees.

Recent Taxbytes

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Tax Court holds taxpayers to their own loan records in Reed v. Commissioner, denying deductions
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The annual exclusion means nothing to Medicaid. Learn how $19,000 yearly gifts can buy months
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The IRS now treats specified CRAT deals as listed transactions. Learn the low-basis pattern to
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For the first time since 2022, the IRS raised the mileage rate midyear. 2026 now
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The no-tax-on-overtime deduction covers only the extra half of time-and-a-half. Learn the limits and why
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For clients selling appreciated property in late 2026, waiting to fund a QOF until 2027
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First Time Abate is going away. The new Automatic Exemption from Penalty grants relief without

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