SEPTEMBER 2022 SUI UPDATE

New Hampshire – Issued their 2022/2023 Tax Rates on September 2, and since the State Trust Fund has not met the minimum threshold, there will be no reduction for the upcoming quarter.


New Jersey – Issued their 2022/2023 Tax Rates in late August based on Rate Schedule “D” for this upcoming Fiscal Year. Rates will range from 0.60% to 6.40%.


Tennessee – Issued their 2022/2023 Tax Rates in late August based on Rate Schedule “6” for this upcoming Fiscal Year. Rates will range from 0.01% to 10.00%.


Delaware – Recently Issued their Employment Training Tax Notice of amount due for 2022



2023 Taxable Wage Base Update

8 states have confirmed the 2023 Taxable Wage Base for employers.


Upcoming Deadlines:


Voluntary Contribution Deadlines:

New Jersey – September 23


If you have not done so already, please forward copies of your 2nd Quarter 2022 SUI Reports as well as any 2023 Tax Rates you have received.


FUTA UPDATE

Currently 5 states as well as the Virgin Islands have an Outstanding Balance due to 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, and NY.


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State Unemployment Update California – Issued 2023 Tax Rates on October 31. Rate schedule remains unchanged, with a minimum rate of 1.50% and a maximum rate of 6.20%. Ohio – Issued 2023 Tax Rates on

New York – New York will be issuing an Interest Assessment Surcharge(IAS) to all Employers in order to begin paying of the Title XII Federal Loans that were taken as a result of the COVID-19 Pandemic.

Vermont – Vermont is the 1st of the four fiscal states to begin to issue their 2022/2023 Tax Rates to all employers. The state has moved to the “lowest” rate schedule and rates will range from 0.40%