State Unemployment Tax
Arizona Tax Rates: The state of Arizona has issued their 2021 Tax Rates and employers should expect significant rate increases. The state has increased the rate schedule resulting in rate increases of 0.03% to 7.75% compared to last year. The Minimum Rate will increase to 0.08%(from 0.05%) and Maximum Rate will be 20.60%(12.85% last year).
Please make sure to send ValeU Group any Rate Notices you receive as soon as possible.
2021 Tax Rate Update:
As of January 4th, Thirty-Four states have issued their 2021 SUI Tax Rates, with eleven states estimated to issue their rates within the next month.
Below is a list of important upcoming deadlines:
Penalty Rate Protest Deadlines:
District of Columbia – January 16 // Florida – January 11 // Indiana – January 26
Missouri – January 6 // Nebraska – January 7 // Washington - January 18
Voluntary Contributions Deadlines:
Michigan – January 29 // Missouri - January 15 // Nebraska – January 10
North Carolina – January 20 // Pennsylvania – January 30
Unemployment Claims Update
Continued Assistance for Unemployed Workers Act of 2020
The President signed the Consolidated Appropriations Act over the Holidays which contained the Continued Assistance for Unemployed Workers Act(CAUWA). The CAUWA extends certain aspects of the Cares Act. Below are highlights of the CAUWA.
1. Federal Pandemic Unemployment Compensation(FPUC):
- Amount lowered from $600 to $300 starting 2021
- Expiration Date extended to March 14, 2021(11 weeks added)
2. Pandemic Emergency Unemployment Compensation(PEUC):
- Added an additional 11 weeks of benefits, bringing the total to 50 weeks a person can collect State Unemployment
For additional information regarding the CAUWA, you can visit the US Department of Labor website at the below link: