Thuế biên chế mới ở Colorado 2023 là gì?
Last updated. February 14, 2023 (changes since last update on January 1, 2023 will begin with **NEW**) Show
Many states acted quickly in response to the COVID-19 pandemic to help mitigate sizable increases in 2021 SUI tax rates. Even with these mitigation efforts, SUI tax rates increased, on average, from 1. 72% in 2020 to 1. 89% in 2021 to 2. 30% in 2022. ¹ Now the question becomes, what is the outlook for 2023 SUI tax rates? FUTA Credit ReductionsBefore addressing the outlook for 2023 SUI tax rates, FUTA tax rates and FUTA credit reductions are top of mind for employers as well. The U. S. Department of Labor, as of November 10, 2022, announced that (California, Connecticut, Illinois, New York and the Virgin Islands) have had outstanding Title XII advances on January 1 for two consecutive years (2021 and 2022), and on November 10, 2022, will be subject to a FUTA credit reduction for 2022. As such, the net FUTA tax rate for 2022 will increase by 50% from 0. 60% to 0. 90%. (The U. S. Virgin Islands will have its FUTA tax credit reduced by 3. 6% or an effective FUTA tax rate of 4. 2%. ) On January 25, 2023, the state of Illinois repaid all outstanding Title XII advances. Because of this action, the state should not be subject to a FUTA credit reduction for calendar year 2023, as long as the state does not borrow again and have outstanding advances as of November 10, 2023 **NEW** * Federal Title XII advance existed prior to COVID-19 crisis and continues to be subject to FUTA credit reductions (a) As of March 31, 2011, the highest levels experienced as a result of the Great Recession (b) As of March 31, 2021, the highest levels experienced as a result of the COVID-19 Pandemic (c) As of February 7, 2023 State Trust Fund BalancesA logical starting point for addressing the outlook for 2023 SUI tax rates is state unemployment trust fund balances, a primary factor in developing SUI tax rates. As such, particular attention should be paid to these balances as an indicator of where rates may be headed in 2023 and beyond As depicted in the following graph, net trust fund balances (trust fund balance net of Title XII advances) were negative $39. 46 billion at the end of Q1 2011, as a result of the Great Recession, compared to negative $27. 12 billion at the end of Q1 2021, as a result of the COVID-19 pandemic (i. e. , $12. 34 billion more solvent). By the end of Q1 2022, trust fund balances rebounded and were a net positive, for the first time after the COVID-19 pandemic. As of the end of Q4 2022, net trust fund balances were positive $27. 76 billion. ³ Historical Net Trust Fund BalancesNet trust fund balances were substantially higher pre-COVID than they were pre-Great Recession. Because of this, net trust fund balances did not reach the negative levels experienced during the Great Recession The following graph illustrates net trust fund balances by state as of December 31, 2022. ³ Net Trust Fund Balances by State |