2023 Tax Rates
The tax rates for Tax Schedule II are as follows:
Taxable minimum rate:
| 0.7%
|
|---|
Taxable maximum rate:
| 5.4%
|
|---|
| Taxable base tax rate: | 2.1% (new employer rate)
|
|---|
Special payroll tax offset:
| 0.12% (0.0012) for 1st quarter
|
|---|
| 0.09% (0.0009) for 2nd quarter
|
|---|
| 0.09% (0.0009) for 3rd quarter
|
|---|
| 0.09% (0.0009) for 4th quarter
|
|---|
The taxable wage base for 2023 is $50,900
Filing Due Dates
2024 Tax Rates
The tax rates for Tax Schedule II are as follows:
|
Taxable minimum rate:
| 0.9% (0.009)
|
|---|
Taxable maximum rate:
| 5.4% (0.054)
|
|---|
| Taxable base tax rate: | 2.4% (new employer rate)
|
|---|
Special payroll tax offset:
| 0.09% or 0.0009 for all quarters
|
|---|
The taxable wage base for 2024 is $52,800
Filing Due Dates