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The Paid Family Medical Leave for WA is going from .4% to .6% as of Jan. 1, 2022. Currently, we are under 50 employees so we have our rate set for employees at .6333% and 0 for Company. However, due to the rate increase, do we need to change anything or does QBO automatically adjust the full rate from .4% to .6% at the First of the year and the employee's portion is still .6333%? If the rate is not automatically adjusted from .4% to .6%; then where do you adjust this amount? I only see where to adjust employee & employer percentage of the full rate, but not what the actual full rate is.
thank you!!!
Hi there, KLee-LLC.
Thank you posting about WA Paid Family Medical Leave.
You'll want to change the rate on your end. Please follow the steps for QuickBooks Online in this article: Set up Washington Paid Family and Medical Leave. Be sure to specify the effective date.
Let me know if you have other questions in mind.
That didn't answer my question about what rate to change the employee portion to....thanks for the link.
I’ve got some additional information for you, @KLee-LLC.
You can visit the WA Paid Family & Medical Leave website and their Premiums Calculator to learn about your rates.
Also, you can contact our payroll support if you need further assistance in updating your rate. Just follow the outlined steps below to connect with us.
You can visit this reference that contains tips to keep your payroll, finances, and whole business organized and compliant: 10 expert tips on how to stay payroll compliant.
Don’t hesitate to leave a message if you have any other questions or concerns besides rate. We'll be here to help. Take care!
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