Several states have released their state unemployment insurance (SUI) taxable wage bases for 2023. Employers should be aware that due to UI trust fund balances that are lower than anticipated and economic concerns regarding employer taxes, some states may make changes to their taxable wage bases later this year or early next year.
Tag: unemployment
1099-G: How To Help If An Employee Has Fallen Victim To A Fraudulent Unemployment Claim
The 1099-G form is used by government agencies to report payments made to businesses or individuals to the Internal Revenue Service (IRS). This does not include wages. The most common use is to report unemployment compensation or tax refunds. Have You Fallen Victim To A Fraudulent Unemployment Claim? Things to look for: While you were still employed your employer notifies you that they received a request for information about an unemployment claim in your name. A government agency mailed…
Important State and Federal Withholding, Dependent Care, HSA, And Other Changes For 2022
While We Don’t Know All The Changes That We’ll See To Payroll in 2022 - Here Is What We Know So Far! Changes already released this year include: State Unemployment Wage Bases; Social Security Wage Base; Medicare Tax; Dependent Care Limits; Limits To Health Savings Accounts & Health Flexible Spending Accounts; IRA and 401K Contribution Limits; Updated Federal Standard Mileage Rate.
States Have Started Cutting off Federal Unemployment Benefits This Week
Twenty-five states are ending their participation in the federal unemployment programs beginning June 12th, almost three months before their official expiration on September 6th.
Key Takeaways From Recent Unemployment Reports
Overall the unemployment situation continues to recover from the pandemic-related levels. The unemployment rate has edged down to 6% which is down considerably from its high in April 2020.
