Vermont Releases Unemployment Insurance Rates Effective July 1

Vermont released its unemployment insurance tax rates effective July 1, 2024, to June 30, 2025, in a labor department publication.

Unemployment insurance tax rates for experienced employers will continue to be determined using Schedule I, according to the publication. Schedule I has rates ranging from 0.4% to 5.4%, under state law.

The tax rate for most new employers in Vermont is 1%, but three special rates apply for certain out-of-state new employers in the construction industry, under state law. The rates are 2.2% for foreign new employers in the buildings construction industry, 2.8% for those in the ...