Il Suta Wage Base 2025. For each year thereafter, computed as 16% of the state’s average annual wage. Illinois released its 2024 unemployment insurance tax rate and wage base information in a chart issued by the employment security department.
Violations of this law lead to substantial penalties. Each year thereafter, the wage base will be adjusted by the change in average weekly earnings.
We’ve Compiled A Comprehensive List Of 2024 Suta Wage Bases For Each State, Making It Easier For You To Stay Compliant And Manage Your Payroll Taxes Effectively.
Nonprofit, governmental, and tribal entities should take a closer look at what these changes could mean for their budget.
The Wage Base Increased To $20,400 In 2023 (From $17,000 In 2022), $23,800 In 2024, $27,200 In 2025, And $30,600 In 2026.
To access the chart from the payrollorg home page select “compliance” and then “state unemployment wage bases” under “overview.”.
Il Suta Wage Base 2025 Images References :
The 2022 New Employer Rate Is 2.70% Multiplied By The State Experience Factor.
The wage base increased to $20,400 in 2023 (from $17,000 in 2022), $23,800 in 2024, $27,200 in 2025, and $30,600 in 2026.
State Unemployment Insurance Taxes Are Based On A.
Each year thereafter, the wage base will be adjusted by the change in average weekly earnings.