Employer 2016 Unemployment Contribution Schedule to Drop to Lowest Rate Since 2009

 

Employer 2016 Unemployment Contribution Schedule to Drop to Lowest Rate Since 2009

Businesses will save $30 million in unemployment taxes next year

The Maine Department of Labor has released the 2016 Unemployment Insurance Tax Rate Schedule. Rates will drop to the Schedule B level, the lowest rate since 2009. This drop represents an approximate 21 percent decrease in unemployment taxes paid per employee.

The 2016 Rates per $1,000 paid an employee

• Minimum rate will be 0.57 percent
• The maximum rate is 5.40 percent
• The average rate, which is also the new employer rate, will be 2.04 percent.

Examples:

• Employers paying the minimum rate will see an annual decrease of $20.40 in taxes per employee paid at least $12,000 in wages.
• Employers paying the average rate will see a decrease of $67.20 per employee.
• Employers paying the maximum rate will see a decrease of $175.20 per employee.

Employers should receive their individual 2016 rate notices in mid-to-late December. Employers with questions about their 2015 or 2016 unemployment contributions should visit the department’s webpage on unemployment taxes at http://www.maine.gov/labor/unemployment/tax.html or call (207) 621-5120.