No NY Unemployment Surcharge in 2025

New York State announced that it will pay off its Federal Unemployment Insurance Trust Fund Loan, so employers will not be subject to the Interest Assessment Surcharge (IAS) bills that have been sent to employers during prior summers in recent years.

In addition, the repayment of this loan will reduce the federal unemployment tax due from New York employers, since New York will no longer be a credit reduction state (where the credit for state unemployment taxes is reduced below the normal amount, causing a higher effective tax rate for federal unemployment tax purposes).

Our upcoming seminars in December and January will provide detailed examples and strategies to address the sweeping new federal tax law that was enacted on July 4, along with other recent changes.

Are you registered for one of our upcoming seminars in December and January? If you are not already registered, register here so you’ll be fully prepared!