New York Unemployment Insurance Taxes Increases

by admin 29. July 2011 10:23

Employers across New York have been given short notice to pay more in unemployment insurance taxes to cover the state’s $95-million interest payment on federal stimulus funds borrowed during two years of high unemployment.

The maximum additional amount that most employers will pay is $21.25 per employee, state Labor Department officials said in a mid-July notice to employers. Employers have until Aug. 15 to pay the interest assessment surcharge.

The surcharge amounts to one-fourth of 1 percent of an employer’s total taxable wages in the most recently completed payroll year, Oct. 1, 2009 through Sept. 30, 2010.

Source: http://westfaironline.com/2011/15259-new-state-charge-for-employers/

New York State Tax Table

http://www.halfpricesoft.com/2011/taxrate-NewYork-2011.asp

 

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