More Unemployment Tax Increases Announced

The Indiana Department of Workforce Development has announced an increase in the taxable wage base from $7,000 for 2009 to $9,500 for 2010. For most employers this marks a 35% increase in the unemployment tax over the year.

In Nevada, the wage base will increase from $26,600 for 2009 to $27,000 for 2010. New Hampshire, Minnesota, Florida and Arkansas have also all increased their wage base for 2010. The nation's persistently high unemployment rate, coupled with extensions of benefits periods have combined to push almost half of state's unemployment funds into insolvency.

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.