E1: 07: Maine Paid Family Medical Leave Act Tax Contributions Will Begin January 1, 2025 With Benefits Scheduled To Start May 1st, 2026
(Doc ID 2966020.1)
Last updated on NOVEMBER 22, 2023
Applies to:
JD Edwards EnterpriseOne US Payroll - Version 9.2 to 9.2 [Release 9.2]Information in this document applies to any platform.
Symptoms
Leg/Reg Enhancement for:
Maine Paid Family Leave Insurance Program - MAINE (20-000-0000)
Recent legislation was enacted to create the Maine Paid Family Leave Insurance Program. Tax contributions for employers and employees will begin on January 1, 2025, and benefits are scheduled to begin on May 1, 2026. The maximum combined premium is 1.000% of taxable wages. The annual wage limit will be the same as the Social Security wage limit. Beginning on January 1, 2025, employer contribution reports and premiums will be remitted quarterly.
Changes
Cause
To view full details, sign in with your My Oracle Support account. |
|
Don't have a My Oracle Support account? Click to get started! |
In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |
| References |