For more information, contact the Department at +1 8 or see the Department's website. Tax rate notices are typically mailed to employers in March. ( Hawaii News Now, 12-14-2020.)Īs of January 14, 2021, the US Department of Treasury shows that Hawaii has an outstanding federal UI loan balance of $700,703,490. Hawaii Governor David Ige announced in September 2020 that any remaining CARES Act funds as of December 31, 2020, would be deposited into the state's UI trust fund to assist in the repayment of a $1 billion loan secured to pay COVID-19 UI benefits.Īccording to a news report, State Representative Sylvia Luke, Chair of the Finance Committee, estimated that $58 million in CARES Act funds were to be transferred to the state's UI trust fund balance. Hawaii employers also continue to pay an Employment & Training Assessment for 2021 of 0.01%.ĬARES Act funds transferred to state UI trust fund New employers pay at 5.2% for 2021, up from 2.4% for 2020. New employer rate increases significantly The 2021 Hawaii SUI taxable wage base is $47,400, down from $48,1. Rate Schedule C had been in effect for several years prior to 2021. Rate Schedule H is the highest SUI rate schedule allowed under state law. The Hawaii Department of Labor & Industrial Relations announced that the state unemployment insurance (SUI) tax rates for 2021 will increase significantly to range from 2.4% to 6.6% on Rate Schedule H, up from 0.0% to 5.6% on Rate Schedule C for 2020. Hawaii 2021 SUI tax rate schedule increases significantly taxable wage base decreases
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |