Bloomberg Tax
Feb. 21, 2023, 8:00 PM

New York Releases 2023 Unemployment Insurance Tax Rates

Emmanuel Elone
Emmanuel Elone

New York announced its 2023 unemployment insurance tax rates on the state labor department website on Feb. 17.

Total tax rates for employers range from 2.1% to 9.9%, and the total tax rate for new employers is 4.1%. The total tax rates include a reemployment-services fund contribution rate of 0.075% and a subsidiary tax ranging from 0.525% to 0.925%.

The state’s unemployment-taxable wage base in 2023 is $12,300, up from $12,000 in 2022, under state law.