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.