The New Hampshire Department of Economic Security (NHDES) has announced that because of the amount of unemployment benefits having been paid out and the solvency issue with the Unemployment Trust Fund, the NHDES will continue to invoke the 1.0% surcharge to all employers for all quarters of 2011. This 1.0% surcharge is comprised of the 0.5% Emergency Power under RSA282-A:84 and the 0.5% Emergency Surcharge under RSA282-a. Negative rated employers (employers whose benefit charges exceeded tax paid) will also continue to have a 1.5% added to their tax rates in addition to the 1.0% surcharge for all quarters of 2011.
Taxable Wage Base Has Also Increased
As previously announced, the Taxable Wage Base has also increased to $12,000 effective January 1, 2011 and will be increasing to $14,000 effective January 1, 2012.
2011 New Employer Rates Set
New Employer rates for all quarters of 2011 will be 3.7% (includes 1.0% surcharge).
Contact Vision Payroll for Further Information
Contact Vision Payroll if you have further questions on New Hampshire unemployment taxes.