What Is the FUTA Tax Rate and Limit for 2023? Consistent with prior years, the effective FUTA rate for 2023 is 6%, meaning employers should withhold 6% of the first $7,000 of an employee's wages. As $7,000 is the limit. The tax credit of up to 5.4% for state unemployment tax is...
What is a payroll report, and what types can you use for your small business? Follow this complete guide to learn more about payroll reports in 2023.
Unemployment insurance (UI)is a federal and state program. The states administer the program, which the federal government largely funds through thefederal unemployment tax (FUTA)on employers. States may also collect their own state unemployment tax (SUTA). ...