Employment & Training Administration Announces Tax Credit Reductions for Select States
January 11, 2026
January 11, 2026
WASHINGTON, Jan. 11 (TNSFR) -- The U.S. Department of Labor Employment and Training Administration announced that employers in California and the U.S. Virgin Islands will face reduced tax credits for 2025 due to outstanding federal advances.
Under the Federal Unemployment Tax Act, states that carry debt from the Social Security Act for consecutive years are subject to a reduction in the credits employers can claim against their federal unemployment taxes. This occurs if the advances . . .
Under the Federal Unemployment Tax Act, states that carry debt from the Social Security Act for consecutive years are subject to a reduction in the credits employers can claim against their federal unemployment taxes. This occurs if the advances . . .