New York sets it contribution rates for 2020
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Friday, March 20, 2020

New York sets it contribution rates for 2020

By Payroll and Entitlements Editorial Staff

For 2020, the rate schedule in effect is the column labeled "2.5% but Less than 3.0%." In this column, the rates range from 0.0% to 2.5% for positive-balance employers and from 3.4% to 6.9% for negative-balance employers. The full range of rates with the normal, subsidiary, and the Reemployment Service Fund taxes for 2020 are 0.6% to 7.9%. New employers pay a rate of 3.2%, including the subsidiary tax rate of 0.625% and the reemployment tax of 0.075% (DOL Communication).

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