Most states send employers a new SUTA tax rate each year. Generally, states have a range of unemployment tax rates for established employers. Your state will assign you a rate within this range. For example, the SUTA tax rates in Arizona range from 0.04% – 9.72%. SUI tax rate by ...
Each state has a range of minimum and maximum tax rates for state unemployment taxes. 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 ...
Maintain a Low Turnover Rate: States often assign lower SUTA tax rates to employers with low turnover rates, as this indicates a more stable workforce. Manage Your Experience Rate: Your experience rate is based on the number of former employees who have filed unemployment claims. Keeping this ...
SUTA and FUTA tax rates Each state has its own SUTA tax rates ranging from (0.65% to 6.8%) The wage base limit, or the maximum threshold for which the SUTA taxes can be withheld, also varies by state.SUTA Tax Rates for 2022 can be found here. If you’re using accounting software li...
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