The One Big Beautiful Bill Act (OBBBA) did to the paid family and medical leave credit exactly what it did to your Section 199A deduction: it killed the sunset date and made the credit a permanent part of the tax code.1

It also rewrote enough of the rules that you should look at this credit again for 2026 even if you looked at it once before and walked away.

And on August 5, 2026, the IRS released Notice 2026-28, which explains the most significant of the new rules: the premium method.2

Here is the question that can make this new law better for you: Can you, the owner, create a credit on your own paid leave? For two of the four common business entities, the answer is yes. For the other two, it is a flat no—and no amount of planning changes that. ... Log in to view full article.