By Payroll and Entitlements Editorial Staff
Beginning with the second quarter of 2020, negative-rated employers (employers whose rates are assigned under Schedule II or III) will have an Inverse Rate Surcharge of 0.5% added to their tax rates. This is an increase from the 0.0% surcharge that was applicable in the first quarter of 2020. Also, beginning in the second quarter of 2020, the new employer tax rate is increased to 1.7% (NHES Communication).
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