The Federal government once again is giving a FUTA Credit reduction for the following 20 states due to the individual states unpaid federal loan.
|
State |
Credit Reduction |
| Arkansas |
0.3% |
| California |
0.3% |
| Connecticut |
0.3% |
| Florida |
0.3% |
| Georgia |
0.3% |
| Illinois |
0.3% |
| Indiana |
0.6% |
| Kentucky |
0.3% |
| Michigan |
0.9% |
| Minnesota |
0.3% |
| Missouri |
0.3% |
| North Carolina |
0.3% |
| New Jersey |
0.3% |
| Nevada |
0.3% |
| New York |
0.3% |
| Ohio |
0.3% |
| Pennsylvania |
0.3% |
| Rhode Island |
0.3% |
| Virginia |
0.3% |
| Wisconsin |
0.3% |
This reduction means an overall increase in the FUTA taxes, retroactive to January 1, 2011. This tax will be due on the federal IRS form 940 by January 31, 2012.