McKee Admin Announces Tax Increase for Unemployment Insurance and TDI

Monday, December 23, 2024

Bạn đang xem: McKee Admin Announces Tax Increase for Unemployment Insurance and TDI

Governor Dan McKee and the Department of Labor and Training (DLT) announced increases in the 2025 tax rates for the unemployment insurance (UI) and temporary disability insurance (TDI) programs.

The 2025 UI Taxable Wage Base for most employers will be $29,800 in 2025, an increase of $600 or 2.1 percent from the 2024 taxable wage base of $29,200. For employers at the highest tax rate the UI taxable wage base is set $1,500 higher and will be $31,300 in 2025. The UI Taxable Wages Base is set at 46.5 percent of the average annual wage of workers employed by employers subject to the contribution provisions (i.e. taxable employers) of the Employment Security Act.

GET THE LATEST BREAKING NEWS HERE — SIGN UP FOR GOLOCAL FREE DAILY EBLAST

The 2025 TDI Taxable Wage Base for Rhode Island employees will be $89,200 in 2025, an increase of $2,200 (2.5%) from the 2024 taxable wage base of $87,000. The TDI contribution rate will be set at 1.3 percent for calendar year 2025 up from 1.2 percent in 2024. The maximum TDI contribution in 2025 will be $1,159.60, an increase of $115.60 or $2.22 a week from the 2024 maximum contribution of $1,044. An individual working full time earning the minimum wage of $15.00 an hour will pay a total of $405.60 in TDI contributions in 2025 or $7.80 a week.

Xem thêm : A warning shot to the rapacious health insurance industry

UI Tax Schedule G, with rates ranging from 1.1 percent to 9.7 percent, will remain in effect throughout calendar year 2025. These rates will be reduced by 0.21 percent to offset the Job Development Assessment. 

The new employer rate will be 1.21 percent for the calendar year 2025, and this will also be reduced by 0.21 percent to offset the Job Development Assessment.

Related Articles

Enjoy this post? Share it with others.