2010 Unemployment Taxes Increasing
We have blogged earlier about increases in 2009 unemployment taxes for nanny employers. Unemployment continues unabated into 2010, and more nanny employers will feel the pinch of increased unemployment taxes in the new year.
In Florida, the minimum unemployment tax will rise to $100.30 per employee in 2010 from $8.40 in 2009. Established nanny employers (2+ years of continued household employment) with no prior unemployment claims against their account typically qualify for the lowest allowed unemployment tax rate.
Hawaii will raise it's average unemployment contribution rate from about $90 per employee to more than $1,000 per employee in 2010.
Maryland will raise its minimum tax contribution per employee from $51 to $187 in 2010.
The new employer tax rate in New Hampshire will rise to 3.2% from 2.7% in 2009. Additionally, the wage base (the amount of each employee's wages taxed for unemployment taxes) of $8,000 will increase to $10,000 effective January 1, 2010, $12,000 effective January 1, 2011, and to $14,000 effective January 1, 2012. The state has warned there will be an additional .5% added to all employers tax rates if the Trust Fund falls below $150,000. The combined changes will increase the per employee contribution in New Hampshire 107% year over year.
More than 20 states as of the end of October 2009 are borrowing federal funds to meet the increased funding demands for unemployment benefits, and analysts expect several more states to join that group before the end of the year.
HomeWork Solutions provides nanny payroll and nanny tax compliance services nationwide since 1993.
In Florida, the minimum unemployment tax will rise to $100.30 per employee in 2010 from $8.40 in 2009. Established nanny employers (2+ years of continued household employment) with no prior unemployment claims against their account typically qualify for the lowest allowed unemployment tax rate.
Hawaii will raise it's average unemployment contribution rate from about $90 per employee to more than $1,000 per employee in 2010.
Maryland will raise its minimum tax contribution per employee from $51 to $187 in 2010.
The new employer tax rate in New Hampshire will rise to 3.2% from 2.7% in 2009. Additionally, the wage base (the amount of each employee's wages taxed for unemployment taxes) of $8,000 will increase to $10,000 effective January 1, 2010, $12,000 effective January 1, 2011, and to $14,000 effective January 1, 2012. The state has warned there will be an additional .5% added to all employers tax rates if the Trust Fund falls below $150,000. The combined changes will increase the per employee contribution in New Hampshire 107% year over year.
More than 20 states as of the end of October 2009 are borrowing federal funds to meet the increased funding demands for unemployment benefits, and analysts expect several more states to join that group before the end of the year.
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Want to learn more about the "nanny tax" and the employer's legal and financial obligations? Download HomeWork Solutions' free e-Book, the Nanny Payroll Tax Quick Start Guide. |
HomeWork Solutions provides nanny payroll and nanny tax compliance services nationwide since 1993.
posted by Kathleen Webb at
12:02 PM
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