Maryland to cut unemployment insurance tax

Catastrophe Bonds Insurance News

Unemployment insurance tax to be reduced next year Maryland employers can expect to see the tax they pay for the state’s unemployment insurance program drop significantly next year. The Department of Labor, Licensing, and Regulation has announced the tax cut, which will reduce the unemployment insurance tax employers pay by as much as 50%. The tax cut will take effect next year and is being heralded as a sign of the state’s improving economy and employment situation. For some employers, the tax cut could mean that they will be able…

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