New York Braces Wage Hikes, More Paid Time Off

If you work for a private employer in New York you will be eligible for eight weeks of paid family leave. In 2021, the benefit increases to three months. The Benefit is good for employees who have a newborn, have a relative deployed overseas, adopted a foster child or care for a sick relative. The law states employees who use Paid Family Leave receive 50% of the average weekly wage, up to $652.96. There is no cost to employers.

Middle-Class Income Tax Cut:

More than four million New Yorkers will see a modest income tax cut meaning some people will save about $250 per tax return. Do not confuse the state cut with the federal cut passed by Congress in 2017.