Biden Budget Plan Would Impose Earned Wage Access Tax Withholding Mandates on Employers
Short Story: A proposal tucked into the Biden Administration’s 2023 budget proposal could disrupt the payroll withholding schedule of employers offering Earned Wage Access (“EWA”) options to employees, forcing them to withhold and pay EWA employment taxes differently from non-EWA employees. Long Story: The Biden Administration’s 2023 budget blueprint proposed requiring that employees with access […]