California, New York, and Virgin Islands Face FUTA Credit Reduction for 2024
PayrollOrg
NOVEMBER 13, 2024
Virgin Islands could not pay back their federal loans by the November 10, 2024, deadline and will lose the full Federal Unemployment Tax Act (FUTA) credit for 2024. According to the U.S. Department of Labor, California, New York, and the U.S.
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