Wa Family Leave Tax Rate 2024. Collecting premiums as a washington employer, you are required to report your employees’ wages and hours and pay premiums every quarter. The washington paid family leave contribution is a flat rate of 0.74%, shared by employees and employers.
Go to employees, and select employee center. Paid family and medical leave is a new benefit for washington workers, and lets you take up to 12 weeks of paid time off when you need it most.
Enter Or Change The Tax Rate For Each Employee.
The new rate is a decrease of the current rate of 0.8% and will become effective on january 1, 2024.
Washington’s Total Paid Family &Amp; Medical Leave (Pfml) Premiums Are Expected To Decrease In 2024, Dropping Slightly From 0.8% To 0.74%.
Employers will pay 28.57% of the total.
1, 2024, The Premium Rate Is 0.74 Percent Of Each Employee’s Gross Wages, Not Including Tips, Up To The 2024 Social Security Cap ($168,600).
Images References :
The New Rate Is A Decrease Of The Current Rate Of 0.8% And Will Become Effective On January 1, 2024.
2024 paid family & medical leave premiums:
How Much You Pay Depends On How Much.
How much does paid family and medical leave cost?
Paid Family And Medical Leave Is Funded Through Premiums Paid By Both Employees And Employers.