Benefit Formula:
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Definition: New Jersey provides paid family leave benefits that pay 85% of your weekly wage up to $1,025 for 12 weeks.
Purpose: This calculator helps expecting parents estimate their maternity leave benefits under New Jersey's Family Leave Insurance program.
The calculator uses the formula:
Where:
Explanation: The benefit equals 85% of your weekly wage, but never exceeds the state maximum of $1,025 per week.
Details: Proper financial planning ensures you can take the full 12 weeks of leave without undue financial stress.
Tips: Enter your average weekly wage before taxes. The calculator will show your estimated weekly benefit amount.
Q1: How long can I receive benefits?
A: Up to 12 weeks in a 12-month period for bonding with a new child.
Q2: Is this benefit taxable?
A: Yes, NJ Family Leave benefits are subject to federal income tax but not state income tax.
Q3: When should I apply?
A: You can file your claim up to 30 days before your expected leave start date.
Q4: What if my wage changes?
A: Benefits are based on your average weekly wage during the base year (first 4 of last 5 completed quarters).
Q5: Can both parents take leave?
A: Yes, both parents can take leave, but the 12 weeks are per employee, not per child.