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New IRS Revenue Ruling Provides Tax Guidance for Paid Family and Medical Leave Laws
OneDigital 
[Guidance Overview] Jan. 24, 2025 "[M]any states have passed mandatory paid leave laws allowing employees to continue to receive at least partial wages when they cannot work due to injury, illness, or disability to themselves or covered family members.... [Rev. Rul. 2025-4] addresses the tax treatment of both contributions and benefits ... Calendar year 2025 is being treated as a transition period for purposes of enforcement and administration." MORE >> |
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