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N.J. family-leave tax rates, benefits lower for 2011

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in FMLA Guidelines,Human Resources,Small Business Tax,Small Business Tax Deduction Strategies

New Jersey employees will be making smaller contributions to the state’s family leave fund this year than they did in 2010.

The state’s family leave program is funded 100% by employee’s payroll deductions. It provides up to six weeks of family leave benefits to covered individuals. Employees who take family leave can receive up to two-thirds of their usual wages.

In 2010, workers paid 0.12% of their wages until they reached the maximum amount of $35.64 per year. For this year, the state Department of Labor has set the rate at 0.06%, with an annual cap of $17.76.

Despite the new lower tax rate, workers who take leave will see only a marginal loss in benefits. The maximum weekly benefit will be $559 in 2011, down from $561 in 2010.

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