![]() The Virgin Islands has carried a federal UI loan balance since 2009, and a FUTA credit reduction has applied since 2011 accordingly, Virgin Islands employers paid FUTA tax at a rate of 3.9% for calendar year 2021. Under the Federal Unemployment Insurance Tax Act (FUTA), the 2022 federal unemployment insurance wage base is $7,000, the maximum tax is 6.0% and the maximum credit reduction is 5.4%, for a net FUTA deposit rate of 0.6%. In addition, most states relieved employers of regular COVID-19 UI benefits during at least a part of the pandemic, further reducing the impact of these UI benefits on individual employer tax rates. ![]() More states would have increased their rate schedules but avoided that outcome because many of them deposited federal COVID-19 stimulus funds into their unemployment insurance (UI) trust funds and/or enacted legislation to reduce the impact on employer tax rates caused by the reduction in their UI trust funds. The chart that begins below shows the preliminary 2022 state unemployment insurance (SUI) taxable wage bases and rates for new employers minimum and maximum SUI contribution rates for experienced employers SUI employee contribution rates where applicable and special surcharges.Īs of January 6, 2022, nine states are reporting an increase in their 2022 base SUI tax rate schedules. ![]() ![]() Preliminary state unemployment insurance tax facts for 2022 (as of January 6, 2022)
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