MA Revised Unemployment Insurance Tax Rates & Assessments

Jul 29, 2021

The MA Department of Unemployment Assistance (DUA) has announced that they will post revised unemployment insurance tax rates and assessments to employers’ online accounts on Monday, July 26.

COVID-19 related claims from this year and last created an estimated $7 billion deficit in the UI Trust Fund, resulting in a drastic increase in the Solvency Fund Assessment (9.23%) earlier this year. A COVID-19 relief fund was then created to remove those claims from the Solvency Fund, but those claims are still to be paid for employers, over the next 20 years, via a new COVID-19 assessment.

The revised Solvency Fund Assessment is expected to be 1.12%. The initial new COVID-19 assessment is expected to be 10.5% of an employer’s experience tax rate.

Both Q1 and Q2 2021 contributions and deferrals are due on 8/21/2021. Q2 2021 Wage Fillings are still due by 3pm on August 2, 2021. Read more here.

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