Maryland State Wire

The Maryland Department of Labor has announced the initial payroll tax rate for the state's new Family and Medical Leave Insurance (FAMLI) State Plan. The tax rate is set at 0.90% of covered wages, with an equal split between employees and employers who have 15 or more workers. Employers with fewer than 15 employees are exempt from contributing the employer portion.

The deductions under this plan will commence on October 1, 2024, and the current rate will remain effective until June 30, 2026.