Employers Expected to See a Reduction in Unemployment Insurance Tax Rates

by | Nov 30, 2017 | News | 0 comments

The majority of Utah employers, including those in rural eastern Utah, are expected to see a reduction in their unemployment insurance tax rates for the 2018 calendar year. The Utah Unemployment Insurance Division announced on Wednesday that in 2018, more than 75 percent of Utah’s established employers will qualify for the minimum contribution rate of approximately $34 dollars per employee per year. That is a decrease of 48 percent from 2017. This year is the fourth consecutive year that Workforce Services collected less taxes from Utah employers with 2017 collecting a projected $185 million dollars in unemployment insurance taxes, which is about $170 million dollars less than what was collected in 2013.

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