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MARCH 2023 SUI UPDATE

Currently 48 states have issued their 2023 Tax Rates. Below are highlights of recent states that have issued tax rates.


Delaware – Issued 2023 Tax Rates on February 7. Delaware made major changes to their Tax Rate schedule for 2023, with a minimum rate of 0.30% and a maximum rate of 5.60%(down from 8.20% in 2022). In addition, the state reduced their taxable wage base to $10,500.


Hawaii – Announced that Rate Schedule F will be in effect for 2023, with rates now ranging from 1.20% to 6.20%. The state also will increase the New Employer rate to 4.00%.


Maryland – Issued 2023 Tax Rates on January 17. Rate schedule “C” is in effect for 2023, with a minimum rate of 1.00% and a maximum rate of 10.50%. If you have received a rate notice with two(2) tax rates for 2023, employer’s should use the lower of the two rates.


New York – Began mailing 2023 Tax Rates on February 13. The Tax Rate Schedule remains unchanged from 2022.



2023 Taxable Wage Base Update

All states have now confirmed the 2023 Taxable Wage Base for employers.



Voluntary Contribution Deadlines:

Arkansas – March 31 / Colorado - March 14 Minnesota – May 30

New York – March 31 / North Dakota – May 30 / Texas – March 7 /


Joint Account Deadlines:

Missouri – March 31 / New York – March 31


Rate Protest Deadlines:

New York – March 31 / North Carolina – May 1/ Pennsylvania – March


FUTA UPDATE

California, Connecticut, Illinois, and New York have failed to pay back their FUTA Title XII Loans. As a result, employers will now have to pay an additional 0.30% on employees reported in these states retroactively to January 1, 2022.

1. Deadline: Employers had until January 31, 2023 to pay the additional 0.30% on employees in these four states.

2. The Additional 0.30% will result in an estimated increase of $21 per employee for 2022 (0.30% * $7,000 FUTA Wage Base).


Total FUTA Rate is now 0.90% in these states for 2022. Virgin Islands is 4.20%

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