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The State’s NEW Paid Family Leave Program has tax implications for New York employees, employers, and insurance carriers. This includes self-insured employers, employer plans, approved third-party insurers, and the State Insurance Fund. Please see the following guidance, based upon the state’s review:

 

 

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• Benefits paid to employees will be taxable non-wage income that must be included in

federal gross income

 

 

• Taxes will not automatically be withheld from benefits; employees can request

voluntary tax withholding

 

 

• Premiums will be deducted from employees’ after-tax wages

 

 

• Employers should report employee contributions on Form W-2 using Box 14 – State

disability insurance taxes withheld

 

 

• Benefits should be reported by the State Insurance Fund on Form 1099-G and by all

other payers on Form 1099-MISC

 

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Please contact us if you have any questions at (516)358-5600 or e-mail: adejohn@carriagetradeinsurance.com

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