2022 Outlook for Potential FUTA Credit Reduction States
ThomsonReuters
FEBRUARY 1, 2021
States like California, Hawaii and Nevada registered unemployment rates at or above 9% in December 2020 and throughout the pandemic many other states suffered record-high unemployment rates rendering the state’s unemployment trust fund insolvent. The FUTA tax rate is currently 6.0% However, employers generally receive a 5.4%
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