Taxable Wage Base 2024. The total tax rates for delinquent employers will range from 4.695% to 14.4684%, according to the table. An announced increase of 5.1%, bringing the total to $27,000.
Illinois released its 2024 unemployment insurance tax rate and wage base information in a chart issued by the employment security department. Tax year 2024 (as of december18, 2023) state/jurisdiction.
Tax Year 2024 (As Of December18, 2023) State/Jurisdiction.
An announced increase of 5.1%, bringing the total to $27,000.
Example Of A Taxable Wage Base.
Employee contribution as a % of taxable wages.
This Continuous Upward Trajectory Is Noteworthy.
Images References :
Illinois Released Its 2024 Unemployment Insurance Tax Rate And Wage Base Information In A Chart Issued By The Employment Security Department.
For 2024, an employer must withhold:
This Continuous Upward Trajectory Is Noteworthy.
For earnings in 2024, this base is $168,600.
For 2024, The Fica Tax Rate For Both Employers And Employees Is 7.65% (6.2% For Oasdi And 1.45% For Medicare).