California Repays Federal Unemployment Insurance Loan

In May 2018, California repaid its federal unemployment insurance (UI) loan balance.

As a result, in 2018 California employers will receive the full credit against their federal unemployment taxes and will pay 0.6% tax on wages up to $7,000 per employee rather than the 2.7% they paid in 2017.

For more information, please contact your payroll provider.