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Effective 2024-Q2
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, there will continue to be a 1.0% reduction to the tax rates of positive rated employers (Schedule I) on taxable wages paid during the 2nd 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) will continue to be 0.5% on quarterly taxable wages paid during the 2nd 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 mailed August 29, 2023 for the period 7/1/2023 (Q3/2023) through 6/30/2024 (Q2/2024).

Quarterly Fund Balance Reductions and Surcharges
Year/Quarter Fund Balance Reduction Emergency Power Surcharge Inverse Rate Surcharge (Negative Rated Employers)
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%

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New Hampshire Employment Security (NHES)
45 South Fruit Street  |  Concord NH 03301  |  603-224-3311  |  1-800-852-3400
TDD Access: Relay NH 1-800-735-2964