Expect Spike in Unemployment Taxes in 2010

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Expect Spike in Unemployment Taxes in 2010

Written by Administrator

Tuesday, December 08 2009 10:43

Employers should expect their unemployment insurance taxes to rise significantly this year. The increase in layoffs is exhausting state trust funds. States are borrowing from the federal government to pay state unemployment benefits as state funds are depleted. Many states are spreading the repayments over a number of years.

Last Updated on Tuesday, December 08 2009 10:49

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