Updates on Calendar Year 2024 UI Employer Tax Rates Recalculation
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April 5, 2024
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labor.maryland.gov
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Background
•
In January, Division of Unemployment Insurance issued
annual tax rate notices for Calendar Year 2024
•
Rates were based on an interpretation of MD statute
treating a provision of pandemic relief as expired
•
At same time, state shifted from Tax Table C to Table A
due to robust UI Trust Fund
•
Because Tax Table A has lower tax rates than Table C,
most employers saw rate decrease due to table shift
•
But some employers saw increases due to pandemic
relief expiration
•
3
R
ate Recalculation
•
Based on further review, Division has reissued tax
rates continuing pandemic relief for one more year
•
Some employers’ rate will go down due to the
recalculation
•
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Rate Assignment
Division is now
using same
calculation method
as past 2 years
•
Division compares two
rate calculations, one
based on pre-pandemic
experience and one
based on immediate
past years’ experience
•
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Timeline
•
Recalculated rates appeared in employer portal
on Wednesday, March 27
•
Recalculated rate notices were posted in
employer portal on Monday, April 1
•
Hard-copy notices with recalculated rates were
mailed beginning Monday, April 1
•
Quarter 1 taxes are due April 30
•
Employers should pay Q1 taxes with recalculated
rate
6
Credits and Refunds
•
If an employer has already paid their Q1 taxes
and their rate is lowered by recalculation, they
will receive a credit toward a future payment
•
If they prefer a refund, they may request a
refund in BEACON employer portal
7
Tax Rate Recalculation
in Detail
8
9
Calculation of UI Tax Rates
Two factors influence an employer’s assigned
t
ax
r
ate
:
1.
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Tax Table A assigned for 2024
2.
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D
etermines where an employer will fall
along
the range of Tax Table rates
Recalculation Process
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P
a
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E
x
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Used rating years
2017, 2018, and 2019
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Period used between
July 1 - June 30 of
each year
N
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a
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E
x
p
e
r
i
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n
c
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Used rating years
2021, 2022, and 2023
•
Period used between
July 1 - June 30 of
each year
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Example Rate Notice Calculation
*This is the lower rate
Checking a Rate Change in BEACON
To check if your rate has changed
1.
Click “Tax Rate Functions” in the menu on the
left side of your employer portal,
2.
Select “2024” in the dropdown, and
3.
Click “Search”
12
Withdrawal of Protests or Appeals
•
Some employers have already filed a protest or
appeal about their 2024 tax rates
•
Determination reviews can be withdrawn by
emailing
dluicdexperiencerating-
labor@maryland.gov
•
Appeals can be withdrawn in the employer portal,
by emailing
uilowerappeals.labor@maryland.gov
,
or by mail
13
Questions?
•
FAQs on rate recalculation will be available at:
https://labor.maryland.gov/employment/unemployment.shtm
l
•
For questions about rates:
–
Employer Assistance Line at 410-949-0033
–
Toll free at 1-800-492-5524
–
Email at
dluiemployerassistance-labor@maryland.gov
•
BEACON employer portal for more employer
account details:
https://employer.beacon.labor.md.gov
14
The Division of Unemployment Insurance in Maryland has recalculated the tax rates for Calendar Year 2024, extending pandemic relief and ensuring no employer faces a tax rate increase. The reissued rates, based on recent experiences, aim to provide stability and lower costs for employers. Employers can view their recalculated rates in the employer portal and should pay Q1 taxes accordingly. Credits or refunds will be issued if a lower rate is applied after Q1 tax payment.
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Presentation Transcript
Recalculation of Calendar Year 2024 UI Employer Tax Rates April 5, 2024 Portia Wu, Secretary Jason Perkins-Cohen, Deputy Secretary labor.maryland.gov
Webinar Settings Please take a moment to look at the bottom of your screen for the Zoom webinar settings To turn on captions or enter questions for our Q&A, please see the related buttons in the toolbar Questions entered will be addressed at the end of the presentation Please keep your camera off and mic muted 2
Background In January, Division of Unemployment Insurance issued annual tax rate notices for Calendar Year 2024 Rates were based on an interpretation of MD statute treating a provision of pandemic relief as expired At same time, state shifted from Tax Table C to Table A due to robust UI Trust Fund Because Tax Table A has lower tax rates than Table C, most employers saw rate decrease due to table shift But some employers saw increases due to pandemic relief expiration 3
Rate Recalculation Based on further review, Division has reissued tax rates continuing pandemic relief for one more year Some employers rate will go down due to the recalculation No employers should see a tax rate increase 4
Rate Assignment Division compares two rate calculations, one based on pre-pandemic experience and one based on immediate past years experience Assigns lower of two rates to employers Division is now using same calculation method as past 2 years 5
Timeline Recalculated rates appeared in employer portal on Wednesday, March 27 Recalculated rate notices were posted in employer portal on Monday, April 1 Hard-copy notices with recalculated rates were mailed beginning Monday, April 1 Quarter 1 taxes are due April 30 Employers should pay Q1 taxes with recalculated rate 6
Credits and Refunds If an employer has already paid their Q1 taxes and their rate is lowered by recalculation, they will receive a credit toward a future payment If they prefer a refund, they may request a refund in BEACON employer portal 7
Tax Rate Recalculation in Detail 8
Calculation of UI Tax Rates Two factors influence an employer s assigned tax rate: 1. The Tax Table assigned for the calendar year with the range of rates offered Tax Table A assigned for 2024 2. The employer s benefit ratio Determines where an employer will fall along the range of Tax Table rates 9
Recalculation Process Pre-Pandemic Experience Used rating years 2017, 2018, and 2019 Period used between July 1 - June 30 of each year Normal Experience Used rating years 2021, 2022, and 2023 Period used between July 1 - June 30 of each year The lower tax rate of the two methods is applied for 2024 10
Example Rate Notice Calculation *This is the lower rate 11
Checking a Rate Change in BEACON To check if your rate has changed 1. Click Tax Rate Functions in the menu on the left side of your employer portal, 2. Select 2024 in the dropdown, and 3. Click Search 12
Withdrawal of Protests or Appeals Some employers have already filed a protest or appeal about their 2024 tax rates Determination reviews can be withdrawn by emailing dluicdexperiencerating- labor@maryland.gov Appeals can be withdrawn in the employer portal, by emailing uilowerappeals.labor@maryland.gov, or by mail 13
Questions? FAQs on rate recalculation will be available at: https://labor.maryland.gov/employment/unemployment.shtm l For questions about rates: Employer Assistance Line at 410-949-0033 Toll free at 1-800-492-5524 Email at dluiemployerassistance-labor@maryland.gov BEACON employer portal for more employer account details: https://employer.beacon.labor.md.gov 14
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