Employers in Kentucky, Indiana and 17 Other States to Pay Higher FUTA Taxes in 2013
October 20, 2012
The Department of Labor announced today that employers in several states including Kentucky, Florida, North Carolina will pay an additional $42 per employee in FUTA tax in 2013. Indiana employers have it even worse and will pay $63 per employee in additional tax.
This “extra” tax is imposed on each employee to help the federal government recoup on unpaid loans from the corresponding state unemployment funds. (This is almost certainly a quieter way for the state government to raise taxes further on the employers in our states).