Minnesota keeping paid leave payroll tax flat

Minnesota will keep the paid family and medical leave payroll tax at its current rate for the next calendar year, state officials said.^[1]

The tax applies to covered wages statewide, including employers and employees across the seven-county Twin Cities metro.^[1] Officials said the rate stability reflects current projections of program costs and anticipated claims and will give employers more certainty for upcoming budgets.^[1]

State officials said they reviewed projected program costs and anticipated claims before deciding to maintain the rate, framing the move as a way to reduce uncertainty for businesses and workers as they set payroll plans for the coming year.^[1]

1. Minnesotareformer