1. No, it is not saying that Paid Family Leave is not taxable, but clarifies that it should not be wages (not a payment of compensation so no FICA or employment taxes withheld) and it is taxable income to the extent that the employer pays the contributions (the analogy to social security benefits which is not taxes 100% because the employee made contributions).
2. It does apply to the 2024 taxes, but provides guidance on the reporting going forward.
3. If the Paid Family Leave is made by an insurance company, the insurance company is not able to issue a 1099-G because 1099-G is issued by a government.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
