2023 Tax Rates
The tax rates for Tax Schedule II are as follows:
Taxable minimum rate:
|
0.7%
|
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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