March 2022 SUI Update

Important Updates


Idaho - The state is issuing revised tax rates for 2022 due to recently passed legislation. The legislation reduces the tax rate schedule which will result in a 0.045% to 0.416% reduction for most employers.


Washington – The state is issuing revised tax rates for 2022 due to recently passed legislation. The legislation reduces certain factors in the rate calculation which will result in a 0.10% to 0.30% reduction for most employers.


West Virginia – State Recently reduced their 2022 Taxable Wage base to $9,000, down from $12,000 in 2021.


Upcoming Deadlines:


Penalty / Rate Protest Deadlines:

Massachusetts – June 20 / North Carolina – May 1 / New York – March 31 / Pennsylvania – March 31


Voluntary Contribution Deadlines:

Arkansas – March 31 / Minnesota – April 30 / New York – March 31

North Dakota – April 30


Joint Account Deadlines:

New York – March 31


All states have issued their 2022 SUI Tax Rates except Mississippi.


FUTA UPDATE


Currently 9 states as well as the Virgin Islands have an Outstanding Balance as a result of borrowing from the Federal Reserves to meet their unemployment benefits liabilities. Those states have until November of 2022 to pay back the loans to avoid an increase of 0.30% to the 2022 FUTA Rate in those states.


The states are CA, CO, CT, IL, MA, MN, NJ, NY, and PA.


Please select the link “Title XII Loan Chart” for additional information.




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