Friday, November 12, 2010

At Least 13 States Increasing Their Unemployment Insurance Taxable Wage Base in 2011

So far, 13 states have announced that they are increasing the amount of taxable wages that are subject to unemployment tax (taxable wage base) in the 2011 tax year. Three states are decreasing their taxable wage base. Some states have yet to announce their 2011 taxable wage base. Here is a summary of the latest developments.

Taxable Wage Base Increases

The following states have announced that they will be increasing their taxable wage base in 2011:

•Indiana ($9,500, previously $7,000);
•Iowa ($24,700, previously $24,500);
•Mississippi ($14,000, previously $7,000);
•Montana ($26,300, previously $26,000);
•New Hampshire ($12,000, previously $10,000);
•New Mexico ($21,900, previously $20,800);
•North Dakota ($25,500, previously $24,700);
•Oklahoma ($18,600, previously $14,900);
•South Carolina ($10,000, previously $7,000);
•South Dakota ($11,000, previously $10,000);
•Vermont ($13,000, previously $10,000);
•Washington ($37,300, previously $36,800); and
•Wisconsin ($13,000, previously $12,000).

Taxable Wage Base Decreases

The following states have announced that they will be decreasing their taxable wage base in 2011:

•Nevada ($26,600, previously $27,000);
•New Jersey ($29,600, previously $29,700); and
•Wyoming ($22,300, previously $22,800).

No change. The following taxable wage bases are not expected to change in 2011: Alabama ($8,000), Arizona ($7,000), Arkansas ($12,000), California ($7,000), Colorado ($10,000), Connecticut ($15,000), Delaware ($10,500), District of Columbia ($9,000), Florida ($7,000), Georgia ($8,500), Kansas ($8,000), Kentucky ($8,000), Louisiana ($7,700), Maine ($12,000), Maryland ($8,500), Massachusetts ($14,000), Michigan ($9,000), Missouri ($13,000), Nebraska ($9,000), New York ($8,500), North Carolina ($19,700), Ohio ($9,000), Pennsylvania ($8,000), Puerto Rico ($7,000), Rhode Island ($19,000), Tennessee ($9,000), Texas ($9,000), Virginia ($8,000), and West Virginia ($12,000).

To be announced. The following states have yet to announce their taxable wage bases for the 2011 tax year: Alaska ($34,100 in 2010), Hawaii ($34,900 in 2010), Idaho ($33,300 in 2010), Illinois ($12,520 in 2010), Minnesota ($27,000 in 2010), Oregon ($32,100 in 2010), Utah ($28,300 in 2010), and Virgin Islands ($22,200 in 2010).

No comments: