The Treasury Department is “working diligently to get guidance out” on various provisions of the Republican tax-and-spending bill that was enacted last year, an agency official said at a tax law conference Friday.
Helen Morrison, the benefits tax counsel at Treasury, said the department would put out a notice of intent to issue proposed rules “very soon” on an expanded credit for paid family and medical leave under Section 45S of the tax code. Morrison spoke at the American Bar Association Section of Taxation 2026 May Tax Meeting and clarified she was speaking in her personal capacity.
The department also ...