Tax Rate Chart

Effective 2024-Q3
Tax Rate Reductions for Positive Rated Employers – Pursuant to New Hampshire state law (RSA 282-A:82) the Trust Fund will maintain a balance of at least $350 million for the entire quarter. As a result, the Trust Fund Reduction remains at 1.0% reduction to the tax rates of positive rated employers (Schedule I) on taxable wages paid during the 3rd quarter of 2024.

Reduction of the Inverse Minimum Rate for Negative Rated Employers - Pursuant to New Hampshire state law (RSA 282-A:82-a) the Trust Fund will maintain a balance of at least $350 million for the entire quarter. As a result, the Inverse Minimum Rate added to the tax rates of negative rated employers (Schedule II and Schedule III) remains at 0.5% on quarterly taxable wages paid during the 3rd quarter of 2024.

Employers can view their current and prior quarter tax rates on our WEBTAX System. www2.nhes.nh.gov/webtax.

For Example: a net rate of 1.7% is now allocated as 0.4% AC and 1.3% UI

ANNUAL TAX RATE DETERMINATION LETTERS for the tax period 7/1/2024 (Q3/2024) through 6/30/2025 (Q2/2025) mailed August 28, 2024 to the address on file for merit rated employers.

Quarterly Fund Balance Reductions and Surcharges
Year/Quarter	Fund Balance Reduction	Emergency Power Surcharge	Inverse Rate Surcharge (Negative Rated Employers)
2024-3	1.0%	0.0%	0.5%
2024-2	1.0%	0.0%	0.5%
2024-1	1.0%	0.0%	0.5%
2023-4	1.0%	0.0%	0.5%
2023-3	1.0%	0.0%	0.5%
2023-2	1.0%	0.0%	0.5%
2023-1	0.5%	0.0%	1.0%
2022-4	0.5%	0.0%	1.0%
2022-3	0%	0.0%	1.5%
2022-2	0%	0.0%	1.5%
2022-1	0%	0.0%	1.5%
2021-4	0%	0.0%	1.5%
2021-3	0%	0.0%	1.5%
2021-2	0%	0.0%	1.5%
2021-1	0%	0.0%	1.5%
2020-4	0%	0.5%	1.5%
2020-3	0%	0.5%	1.5%
2020-2	1.0%	0.0%	0.5%
2020-1	1.5%	0.0%	0.0%
2019-4	1.5%	0.0%	0.0%
2019-3	1.5%	0.0%	0.0%
2019-2	1.5%	0.0%	0.0%
2019-1	1.5%	0.0%	0.0%
2018-4	1.5%	0.0%	0.0%
2018-3	1.0%	0.0%	0.5%
2018-2	1.0%	0.0%	0.5%
2018-1	1.0%	0.0%	0.5%
2017-4	1.0%	0.0%	0.5%
2017-3	1.0%	0.0%	0.5%
2017-2	1.0%	0.0%	0.5%
2017-1	1.0%	0.0%	0.5%
2016-4	1.0%	0.0%	0.5%
2016-3	1.0%	0.0%	0.5%
2016-2	1.0%	0.0%	0.5%
2016-1	1.0%	0.0%	0.5%
2015-4	1.0%	0.0%	0.5%
2015-3	0.5%	0.0%	1.0%
2015-2	0.5%	0.0%	1.0%
2015-1	1.0%	0.0%	0.5%
2014-4	.5%	0.0%	1.0%
2014-3	0%	0.0%	1.5%
2014-2	0%	0.0%	1.5%
2014-1	0%	0.0%	1.5%