For example, California’s SUTA tax rate range for 2024 is 1.5% to 6.2%, while Colorado’s range is 0.75% to 10.39%. The tax rate for your company will be within your state’s range but depends on an assessment of your company. Your experience rating is part of that assessment. ...
CaliforniaNew YorkTexas Taxable Wage Base (2024)$7,000$12,500$9,000 New Employee Tax Rate3.4%2.025% – 9.825% (tax rate range)2.7% EarningsFor employees earning $40,000 annuallyAssuming a mid-tax rate of 5%For employee earning $40,000 annually ...
The FUTA tax rate of 6.2 percent was slated to decrease to 6.0 percent after 2007 but was extended. Check IRS Publication 15 (Circular E) to find the current rate. Also, although the $7,000 earnings limit on SUTA/FUTA tax has been constant for some years, it is subject to change, so...