** Survey results as of December 2021. 21-102 which replaces the date provided in R.I. Gen. Laws 28-43-1(2) for the definition of "computation date" from September 30 of each year to November 30, 2021 for the purposes of determining the experience rate for eligible employers for calendar year 2022. As of July 31, 2022, the following states had outstandingTitle XII advances. Indiana HB 1111 Step 3: Calculate Your Employee's Pay. Legislation is needed to change it. Employers receive credit for tax payments posted to their account. Before taking any actions, employers should consult with internal and/or external counsel. Beginning with calendar year 2025, the taxable wage base will be indexed each year for inflation. The waiver isapplicable from March 12, 2020 to Dec. 31, 2021(the end of the rating calculation period for 2022). Florida. The bill is currently being reviewed by the Assembly. Effective Jan. 1, 2022, unemployment tax rates for experienced employers are to range from 0.725% to 7.625%. The new ratio, when applied to the applicable rate table, will lower the tax rate. Net Trust Fund Balances per respective Unemployment Insurance Data Summary reports published by the U.S. Department of Labor. As such, particular attention should be paid to these balances as an indicator of where rates will be headed in 2022 and beyond. Absent this legislation, and due to the continuing effect on the state's UI trust fund of the COVID-19 pandemic, the SUI wage base could have increased to $11,000 or $12,000 for 2022. Schedule D is the lowest contribution rate schedule. (Governor Gordon's news release, 10-15-2021; EO 2021-08, superseding EO 2020-12; governor's executive order webpage.). New construction and mining employers also will pay 2.376% in 2022. Maine Announcement Relating to 2022 Unemployment Tax Rates The taxable wage base will increase from $10,800 to $11,100 for 2022. The taxable wage base increases from $27,000 to $28,700 in 2022. Contributory employers will not be charged against their experience record for the second, third and fourth quarters of 2020, or the first and second quarters of 2021. New York SB 6791A (proposed) **NEW** Nevada Announcement Relating to 2023 Taxable Wage Base. If you have employees, you need to know about state unemployment tax and federal unemployment tax. Revised rate notices were issued to employers. The rates range from 0.20% to 5.40% (0.05% to 6.10% in 2022). Your average tax rate is 11.67% and your marginal tax rate is 22%. More Illinois unemployment insurance tax details. However, for calendar years 20212025, the bill freezes employer basic SUI contribution rates (under new basic Rate Schedule C) to within the same range of basic rates as were in effect for calendar years 20112020 (under previous basic Rate Schedule E). North Dakotas 2022 contribution rates will continue to range from 0.08% to 1.13% for positive-balance employers and from 6.09% to 9.69% for negative-balance employers. Contribution rates, including a solvency surcharge, for Schedule D range from 0% to 12% for employers with payroll under $500,000, and from 0.05% to 12% for employers with payroll of $500,000 or more. Should a state decide to improve the solvency of its trust fund, this could mitigate anticipated future increases in SUI tax rates. Florida SB 50 Arkansas HB 1049 We will update states with missing information as they become available! This is an example for the purpose of explaining it in this communication. Percentage Difference Between State Average Tax Rateand a Minimum Adequate Financing Rate. . Fatal Occupational Injuries in Florida 2021. New employers pay 2.7% in 2022. Vermont 2021/2022 SUI tax rates were issued on June 24, 2021. Florida Reemployment Tax Reemployment tax is paid by employers and the tax collected is deposited into the Unemployment Compensation Trust Fund for the sole purpose of paying reemployment assistance benefits to eligible claimants. From 2020 to 2021, the average SUI tax rate increased from 1.72% to 1.92% (11.6%), Correlation of Historical Average SUI Tax Rates to Net Trust Fund Balances(9). * Louisiana SUTA rates for Louisiana employers range from 0.09% to 6.20%. The law sets the 2022 tax rate schedule at new Standard Rate Schedule 7, with SUI tax rates ranging from 0.2% to 7.6%, and requires that no solvency credit or adjustment will apply. Utah SUI tax rates are calculated by the following formula: Employer benefit ratio X reserve factor + social cost. Total rates will range from 0.8% to a maximum assigned rate of 12.8%. This notice is a determination and can be protested/appealed like any other determination. Circumstance 2: Additional 10% discount granted to employers with a positive reserve ratio if the fund balance is greater than $1.4 billion dollars. The rate for new employers, which is based on the state's five-year benefit cost rate for new employers, will be 1.19%. Official Data Release Unemployment insurance tax rates for Iowa employers will remain unchanged for 2022 and will range from 0.0% to 7.5% (Tax Table 7). Tax News Update Email this document Print this document, Preliminary state unemployment insurance tax facts for 2022 (as of January 6, 2022). A "reserve factor" is multiplied by the individual experience-rated employer's benefit ratio and used to determine the employer's total tax rate. The non-charging provisions apply to benefits for weeks ending February 1, 2020 through the week ending September 4, 2021. On November 23, 2021, the Texas Workforce Commission (TWC) announced that the 2022 tax rates would be set at a stable level to avoid a significant increase over 2021. Only the first $7,000 of wages paid to each employee by their employer in a calendar year is taxable. The $150,000 limit included benefits plus any other sources of income. Use your employer account number to report and deposit your SUTA tax liability. Many states give newly registered employers a standard new employer rate. **NEW** California AB 178 The new employer rate will remain at 3.4%. The taxable wage base increased from $35,000 to $38,000 for 2022. According to the Florida Department of Revenue, Florida is expected to experience delays in the calculation and issuance of the 2022 reemployment tax rates notices. Discover the power of partnerships designed to make your job easier. Generally, you need to make quarterly payments. A New Mexico Department of Workforce representative confirmed that the base SUI tax rates for 2022 will continue to range from 0.33% to 6.4% for experience-rated employers and from 1.0% to 1.31% for new employers. Municipal Public Service Tax Rates Reemployment (Unemployment) Tax Rate Sales and Use Tax, Surtax, E911 Fee, Asphalt Use Tax Index Rates Severance Tax Rates (Solid Mineral Severance, Gas and Sulfur Production, Oil Production, and Miami-Dade County Lake Belt Mitigation Fee/Water Treatment Plant Upgrade Fees) The final adjustment factor and multiplier have decreased to 0.0010 and 0.186, respectively, in tax year 2022. Specifically, the bill will assign the following unemployment tax rate tables through fiscal year 2024: Table C (rates range from 0.5% to 5.8%) for fiscal year 2022 (from July 1, 2021 through June 30, 2022); Table D (rates range from 0.6% to 6.4%) for fiscal year 2023 (from July 1, 2022 through June 30, 2023), unless calculations call for a lesser table to be in effect; and. Additionally, the proposed legislation sets the UI maximum benefit rate to 40% of the average weekly wage until Oct. 3, 2022, after which the maximum benefit amount increases to 42% of the average weekly wage. The second January 1 will occur on January 1, 2022. However, some states (Alaska, New Jersey, and Pennsylvania) require that you withhold additional money from employee wages for state unemployment taxes (SUTA tax). (Email response to inquiry, 12-21-2021.). Employers pay SUI tax on wages earned and paid to each employee within a calendar year up to a specified amount, known as the annual taxable wage base. The legislation incrementally increases Colorado'sunemployment taxable wage baseto $30,600 by calendar year 2026. The 2022 taxable wage base remains $14,000. A large negative number corresponds to a level of financing that is well below adequate. Alternatively, employers with a credit may be able to request a refund of the overpaid tax dollars. 2016 legislation (SB 235) increased the SUI taxable wage base to $9,500 for calendar years 2018 and 2019. March 16, 2022. State legislation (SB 789) enacted in April 2021 allows the OESC during a declared state of emergency to claim up to 25% of federal emergency relief funds to reduce or eliminate the fund-building surcharge if the trust fund falls below $25 million in the future. The assigned rates are currently only effective for the third and fourth quarters of 2021 and first quarter of 2022. There are no NAICS-rated sectors in 2022 that will pay a higher entry rate. Equifax is not providing, and cannot provide, tax and legal advice. The diversion of 5% of employers' tax rates continues for 2021 and 2022, proceeds going to the OESC technology fund to allow the agency to modernize its business processes and technology. The bill aims to assist employers affected by the COVID-19. 22. When you register for an account, you will obtain an employer account number. Unemployment tax rates will decrease after October 31, 2021 and employers will be notified by the Wyoming Department of Workforce Services of credits that can be applied to future unemployment taxes. As the unemployment rate increases, net trust fund balances typically decrease. Category 4 employers are contributing employers who had more than 20 employees, but fewer than 5,000 as of the 4th quarter of 2020, had an experience rating that has increased by four or more rate classes from rate year 2021 to rate year 2022; and do not meet the definitions of categories 1, 2, or 3. The least positive-rate class was assigned a tax rate of 0.691 percent, resulting in a tax of $254 when multiplied by the $49,900 wage base. There are two primary solvency measures used by the U.S. Department of Labor, the Average High Cost Multiple (AHCM) and the Minimum Adequate Level of Financing (MALF). Check your states government website for more information. The Oregon Employment Department (OED) has announced that unemployment tax rates will be reduced in 2022. An Annual Tax Rate Notice detailing individual rates will be mailed to each employer on November 12, 2021. For the 2023 fiscal year, the statutory employer contribution rate would be determined by the size of the index column headed at 2% but less than 2.5%. The 2022 taxable wage base will remain at $15,000. Contributory Employers will not be charged against their experience record for the second, third or fourth quarter of 2020, or their first, second or third quarter of 2021. Proposed legislation (L. 2022, S6791A), passed by the New York Senate, provides the employer contribution rates for the 2022 and 2023 fiscal years for the unemployment insurance (UI) program will not increase regardless of the current size of the fund index. Experienced employer rates will be determined under Tax Schedule III (Schedule IV in 2021). New York SB 1197 The employee unemployment tax withholding rate will remain at 0.06% in 2022. Normally, the average UI trust fund balance for four quarters determines the CRA. Recessionary period according to the Federal Reserve. The standard FUTA rate in 2022 is 6%, with a taxable wage base of $7,000 (per employee) or taxable wages up to $7,000. The Idaho Department of Labor (DOL) has updated its rate class array tables with tax rates and the taxable wage base for 2022. The law amends Colorado's unemployment law as follows: Bonds: Three sections of the bill (1, 7 and 9) amend the existing authority of the Colorado Division of Unemployment Insurance to issue bonds by clarifying that the Division may issue bonds through the state Treasurer and granting the Division the authority to levy bond assessments. Utah HB 2002 Rates can only be understood in tandem with wage bases. This is because when more unemployment claims are filed, more benefits are paid to claimants, which are charged to the state trust funds. The state unemployment insurance rate for new employers varies. Specifically, the language in the bill instructs the Rhode Island Director of Labor and Training to allocate the appropriations to the employment security fund prior to determining the experience rate for each eligible employer for calendar year 2023. For experience-rated employers that are participating in the workshare program, contribution rates may range from 0.0% to 9.450%. Procedure 2, among other provisions, stipulates that thetaxable wage base will be $7,700 for 2022. Workforce Solutionsis a trademark of Equifax Inc.Other product and company names mentioned herein are the property of their respective owners. New out-of-state contractors doing business in Virginia, delinquent employers, and non-rated experienced employers will continue to pay 6.43%. The rates range from 0.50% to 7.40%. The grants to the third-party administrators and the recovery benefits are funded through.00035 of the premium each employer is required to submit to the division. The tax rate calculation will also exclude the application of the positive adjustment factor (trust fund trigger). Total rates range from 0.725% to 7.625% (0.675% to 6.875% in 2021), including the 0.525% fund building factor in effect for 2022. Under the law, the agency may also allow the balance to remain at less than $25 million but not less than $10 million before the surcharge goes into effect. Effective January 1, 2023, legislation (SB 1828/Chapter 412) will increase the SUI taxable wage base to $8,000, up from $7,000. The new employer rate will continue to be 1.0% for 2022. The state has a specific formula for calculating the Initial amount due and the Final UI tax/assessments due which can be found in Understanding your tax rate factors and assessments on the stateswebsite. The Federal Unemployment Tax Act (FUTA) mandates each state's taxable wage base must at least equal the FUTA base of $7,000 per employee. The maximum weekly benefit amount also increased . The FUTA tax credit starts at 5.40% and is reduced by 0.30% (known as the FUTA credit reduction) for each year the loan remains outstanding beyond the second year. Such charges will be directed to the state's balancing account. Generally, employers may receive a credit of 5.4% when they file their Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, to result in a net FUTA tax rate of 0.6% (6.0% - 5.4% = 0.6%). State trust fund balances are the primary driver of SUI tax rates. The Washington Employment Security Department has announced that the taxable wage base for unemployment tax purposes will increase from $56,500 to $62,500 in 2022 due to a 10.1% increase in the average annual wage in 2020. Tax rates for the standard schedule range from 0.2% to 5.4% for positive-rated employers and from 5.6% to 7.6% for negative-rated employers. . Interest was previously waived under a provision of the Consolidated Appropriations Act (CAA), but the provision expired on September 6, 2021. Due to a 2020 transfer of federal CARES Act funds to the state's UI trust fund, and because the trust fund had a balance of approximately $1.19 billion as of the rate computation date, employer tax rates will continue to be based on the same rate schedule as for 2020 and 2021 and there will be no solvency surcharge added to employer tax rates. Please see the latest updates at:Outlook for SUI Tax Rates in 2023 and Beyond. Unemployment tax rates for experienced employers continue to range from 1.5% to 8.5% in 2022 (Column C of Table III). When a state of emergency is not in effect and has not had a direct impact of the UI trust fund, the OESC would be required to assess a fund-building surcharge sufficient to keep the trust fund balance at $25 million. Tax rate notices for 2022 are to be sent to employers in early 2022, before first-quarter unemployment tax and wage reports are due, the department said. 2017 legislation grants the territory's Secretary of Labor the discretion to increase the taxable wage base to as much as $10,500 if deemed necessary. (Historical rate chart, 20122022.). For 2022, there are 7 states (including the Virgin Islands) that have had outstanding Title XII advances on January 1, 2021 and January 1, 2022. This can be demonstrated by looking back at the Great Recession, which lasted from December 2007 to June 2009. New employers pay 2.30% for 2022, except that new construction employers headquartered in another state pay 5.40%. For experience-rated employers that are participating in the workshare program, contribution rates may range from 0.0% to 9.450%. Each state has a different process for obtaining an account. Unemployment tax rates for experienced employers continue to range from 0.06% to 5.76% in 2022. Negative-balanced employers continued to be assessed the inverse rate surcharge of 1.5% which was added to their base rate for third and fourth quarter 2020 and first, second, third and fourth quarters 2021. The taxable wage base is $36,600 for 2022. The surcharge is assessed when the balance of the state UI trust fund as of the September 30 preceding the tax year is insufficient to pay seven months of UI benefits. These are basic rates and do not reflect any subsidiary taxes or reductions. Alabama Announcement Relating to 2023 Unemployment Tax Rates and Wage Base. The legislation, retroactively effective January 1, 2021, calls for unemployment tax rate schedule D (0.2% to 5.8%) to apply for 2021 and 2022. Kentucky HB 144 These rates include the 0.21% Job Development Assessment. Hawaii HB 1278 However,the bill also adds a surcharge to 2021 and 2022 ratesto cover anticipated interest payments on federal advances issued to Massachusetts to cover unemployment obligation shortfalls. This article has been updated from its original publication date of July 16, 2018. This means employers will pay as much as $21 in additional FUTA taxes per employee next year. Read on to answer, What is my state unemployment tax rate? Some employers may be unable to utilize the full credit for state unemployment tax paid on their Form 940 (Employers Annual Federal Unemployment (FUTA) Tax Return) if they pay state unemployment taxes after the Form 940 due date. For 2022, the solvency surcharge rate is 0%. The full range of rates with the normal, subsidiary, and the Reemployment Service Fund taxes for 2022 are 2.1% to 9.9%. The American Rescue Plan Act of 2021 (ARPA) is a $1.9 trillion economic stimulus bill passed by Congress and signed into law by the President March 11, 2021 to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and the ongoing recession. New Jersey (fiscal year jurisdiction) Bill A-4853/S-301 Washington Announcement Relating to 2022 Unemployment Tax Rates The taxable wage base will remain at $8,000 in 2022. Montana Announcement Relating to 2022 Unemployment Tax Rates Also, tax credits will be provided to employers who experienced an increase in unemployment tax already paid in 2021. As such, states with outstanding advances will once again begin to accrue interest daily, which is payable on September 30th of each year (a condition of meeting federal conformity and compliance requirements). Some states split new employer rates up by construction and non-construction industries. (Rhode Island Department of Labor & Training news release.). The DLE notes that this will not impact the timing of the 2022 unemployment tax payments or the amount of time to protest a tax rate. Here are the records: Total taxable FUTA wages (Form 940, line 7) $21,000.00: Taxable state unemployment wages: $ 8,000.00: Experience rate for 2022: 0.041 (4.1%) State unemployment tax paid on time: $100.00: State unemployment . This form is for leasing companies who voluntarily elect to report and otherwise treat all leased employees as its own employees, for all purposes of unemployment insurance pursuant to OCGA 34-8-172 of the Georgia Employment Security Law. Louisiana HB 380 Currently, rates for experienced employers are determined under Table C (rates range from 0.5% to 9.5%). Florida's nonagricultural employment (seasonally adjusted) was 9,578,500 jobs in December 2022. Equifax has prepared a State Claims Resource Guide summarizing certain COVID-19 related claims information, including states with non-charging of benefit provisions. Contact your state for more information about reporting and depositing SUTA tax. Executive Order (EO) 231 reinstates certain requirements for unemployment claimants previously imposed by EO 118. (Rate notices for fiscal year 2022 were mailed on 8-19-2021), (Rate notices are typically mailed in late February or early March), (Interest tax factor for bonds sold to repay the federal UI loan), (Rate notices are expected to mail by 1-15-2022), (Rate notices for fiscal year 2022 were mailed in August 2021), (Rate notices are expected to mail the week of 1-10-2022), (Employment & Training Investment Assessment), (Rate notices were mailed in the first week of July (but were dated 6-24-2021), (Rate notices are typically mailed by the end of January), 115% of the industry average and a minimum of 1.0%, (Rate notices are typically mailed in mid-October), 0.0-12% (small employer); 0.05-12% (large employer), (Rate notices are typically mailed by December 31). State unemployment tax rate information for Kansas employers. For example, in 2023 employers in the best positive-rate class were assigned a tax rate of 0.207 percent and would pay $103 for each employee who makes at least the $49,900 wage base. The rate could change for the second quarter of 2022. Additionally, there will be a 0.5% mutualized rate in effect for 2022 due to a negative balance in the mutual account. By September 1 of each year, the ESD will identify delinquent employers who have not entered into an ESD-approved deferred payment contract. The 2022 contribution rate notices will be mailed to the employers addresses of record by September 30. Dependent allowance. Calendar year 2021 relieved charges may be mutualized for calendar year 2023 rating purposes. Please feel free to contact our Employment Tax Consulting Group with any questions. The new law removes COVID-19 pandemic layoffs from the calculation of unemployment tax rates. The rates range from 0.30% to 8.20%. The new bill determines how ARPA funds will be used, includes a provision that requires the Virginia Employment Commission, when calculating the SUI tax rates for 2022, to exclude pandemic related claims from April 1, 2020 through June 30, 2021. The Colorado Department of Labor and Employment (DLE) has posted on its website that unemployment tax rates will be determined under the state's highest schedule in 2022. If the SUI trust fund balance continues to exceed $850 million as of December 31, 2021, SUI tax rates will continue to range from 0.01% to 10.0% on Premium Rate Table 6 for the first two quarters of 2022. The rate schedule will increase from Schedule A to Schedule C (ranging from 0.50% to 9.50%), Kentucky Announcement Relating to COVIDBenefit Charges Indiana Announcement Relating to 2022 Unemployment Tax Rates SB 62 required that UI benefit charges for calendar year 2020 not be used in the computation of the "current fund ratio" and the "highest benefit cost rate," factors used to determine which of the five rate schedules provided for by law will be in effect for the next fiscal year. The bill contains a provision that appropriates $100 million to the state's unemployment trust fund to reduce unemployment tax rates in 2023. For 2027, the lookback period will be two years. Each state. To help prevent an increase in taxes for Rhode Island employers, Governor Dan McKee issued Executive Order 21-102 providing the Department with flexibility in deciding the calculation date for the new tax rates. Currently, the amount is stable at $7,000 (2023). Under the legislation, employers will not be charged for any unemployment benefit claims tied to the coronavirus (COVID-19) pandemic. Thirty-six states and the District had jobless rate decreases from a year earlier. Lastly, benefit charges from the first and second quarters of 2021 may be decreased if EDR estimates total tax collection for rate year 2022 will exceed $475.5 million. For calendar years 2023 and 2024 only, if the calculation of the social contribution rate under Subsection (2)(a) is greater than 0.004, the social contribution rate for that calendar year is 0.004. The Department is required to end monthly distributions when the DOR receives certification from EDR that the ending balance of the UI trust fund exceeds $4,071,519,600 or on December 31, 2025, whichever is earlier. A new law has changed the Florida reemployment tax rates for 2021. For Category 1 and 2 employers, approved benefits are benefits paid to employees during the fiscal year ending June 30, 2021, not to exceed an amount that would reduce the employer's rate class increase to no more than a two-rate class increase. The reports, and any payment due, must be filed on or before April 30th, July 31st, October 31st, and January 31st (if the due date falls on a weekend or a legal holiday, reports are due by the next business day). For 2026, the lookback period will be one year. Lastly, benefit charges from the first and second quarters of 2021 may be decreased if the Office of Economic and Demographic Research (EDR) estimates total tax collection for rate year 2022 will exceed $475.5 million. The Unemployment Program Administrative Fund (UPAF) was created in 2021 to ensure adequate funding for the state's UI program ( 2019 Chapter 616 ). Lastly, by May 9, 2022, the Commissioner must determine the sum of any outstanding loans and interest from the federal unemployment insurance trust fund and issue payments to that trust fund equal to that sum. 23:1536(2), reducing employers tax contributions under certain circumstances: Circumstance 1: 10% discount granted to employers with positive reserve ratios if the trust fund balance is greater than $400 million dollars. 23:1536(E)(1) relative to the unemployment insurancesolvencytax on employers. (Massachusetts Labor and Workforce Development letter, 7-15-2021. During the height of the Great Recession (from 2008 to 2010), the average annual increase was 4.8%. Two years protested/appealed like any other sources of income 1 ) relative to state... Solutionsis a trademark of equifax Inc.Other product and company names mentioned herein are the property of their respective owners 3.4! 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Quarters determines the CRA SB 50 Arkansas HB 1049 We will update states with information!, 2021 ( the end of the positive adjustment factor ( trust fund balances typically decrease for weeks ending 1! The U.S. Department of Labor unemployment trust fund balances per respective unemployment Insurance Data reports. For obtaining an account of explaining it in this communication 22 % 31, 2021 doing business in Virginia delinquent! 8.20 % to 7.625 % year 2021 relieved charges may be able to request a refund of Great. Pandemic layoffs from the calculation of unemployment tax rates will be two years law has the. Lower the tax rate notice detailing individual rates will be a 0.5 % mutualized rate effect! Lower the tax rate calculation will also exclude the application of the overpaid dollars... With any questions ) 231 reinstates certain requirements for unemployment claimants previously imposed by EO.... 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