Maximum unemployment tax rates increased from 6% to 9.4%.
This includes the additional 0.6% mutual rate charged to all tax contributing experienced rated employers to pay off the remaining balance of the Federal Unemployment loan. Employers continue to pay unemployment taxes on the first $9,000 of each employee’s payroll, unless they are exempt from this requirement.
Maximum claim costs raised from $15,262 to $15,548.
This is the maximum amount an employer can be charged for one unemployment claim.
Maximum weekly benefit amounts for claimants increased from $587 to $598.
There are multiple ways our unemployment service can benefit your business. Contact our unemployment manager, Kammy Staton, to learn more about how to avoid the risk of paying higher unemployment costs. She can be reached at 614-526-7165, or kammy.staton@careworkscomp.com.