Keyword Analysis & Research: illinois unemployment tax cap


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Frequently Asked Questions

What is the unemployment tax rate in Illinois for employers?

In Illinois unemployment tax rate ranges from 0.55% to 7.75%. Accordingly, an employer may pay between $71.28 and $1,004.40 (per employee) into the Illinois Unemployment fund. The “new employer rate” (applicable to new businesses) is 3.55% for 2016 (this can change depending on your particular industry).

When are employers liable for state UI taxes in Illinois?

In Illinois, most for-profit employers are liable for state UI taxes as soon as they have either: paid $1,500 in wages in a single calendar quarter, or employed one or more persons for 20 weeks in a given calendar year. These are effectively the same rules that apply for liability under the Federal Unemployment Tax Act (FUTA).

What are the rules for unemployment insurance in Illinois?

Rules for Unemployment Insurance Tax Liability In Illinois, most for-profit employers are liable for state UI taxes as soon as they have either: paid $1,500 in wages in a single calendar quarter, or employed one or more persons for 20 weeks in a given calendar year.

How often does Illinois increase the taxable wage base?

That amount, known as the taxable wage base, increases slightly every few years in Illinois. In recent years it has been slightly less than $13,000. The state UI tax rate for new employers, also known as the standard beginning tax rate, also can change from one year to the next.


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