New Jersey Releases Unemployment and Disability Tax Rate Notice
On July 28th New Jersey mailed out the tax rate notice for the taxable year 2017-2018. This notice contains the tax rates for both unemployment and disability. The minimum unemployment tax rate is 0.5% and the maximum tax rate is 5.8%. The state is using the same tax tables as the 2016-2017 taxable year. Be sure to check for voluntary contributions as often times employers can benefit from “buying down” their tax rates.
Dunn Corporate Resources is here to help you! If you need help interpreting your tax rate notice, we are offering a no-cost analysis of your unemployment and disability tax accounts to see what savings may be available!
Contact us today, one of our specialists would love to help!