Because of the declining employment, there was a .2% federal unemployment tax surcharge that the government placed in effect from January 1, 2011 through June 30, 2011.
Unless Congress takes action soon, the .2% federal unemployment tax FUTA will actually expire. An IRS spokesman indicated that if the surtax is not extended, employers will need to simply track FUTA taxes paid before July 1st and after June 30th.
We’ll keep you posted if things should extend the surtax. With low employment numbers where they are, I wouldn’t be surprised.
Unless Congress takes action soon, the .2% federal unemployment tax FUTA will actually expire. An IRS spokesman indicated that if the surtax is not extended, employers will need to simply track FUTA taxes paid before July 1st and after June 30th.
We’ll keep you posted if things should extend the surtax. With low employment numbers where they are, I wouldn’t be surprised.
