Employment Taxes - Voluntary Unemployment Tax Payments
Included with your annual unemployment tax rate notice is information about voluntary payments. It explains how to calculate the amount you can pay to improve your reserve ratio and lower your tax rate. By comparing the voluntary payment amount with your potential reduction in taxes, you can determine if you will save money by making a voluntary payment.
Each year consider a voluntary payment as a way to reduce your taxes.
Voluntary payments must be made by February 28th in order to lower your rate for that calendar year. It is advisable to pay by check rather than electronically. This enables you to specify the purpose of the payment on the check and mail it directly to the UI Tax Experience Rating Unit for correct processing. See the reverse side of your annual tax rate notice for complete instructions.
Unemployment Insurance Tax Rates for current calendar year.
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