What is my “experience rate”? I am a household employer in New York State.
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

What is my “experience rate”? I am a household employer in New York State.

As a household employer in NYS, I am trying to calculate my FUTA tax.  Turbo Tax asks me for my "experience rate".  I called the NYS department of labor to ask them.  They said, "I don't know what turbotax means by experience rate.  Your contribution rate is .9"  

What does TurboTax mean by "experience rate"?  Do you know what the "experience rate" is for NYS?

Thank you for your time and help,

Miranda

1 Reply
New Member

What is my “experience rate”? I am a household employer in New York State.

This is complicated. The best I can find is:

The New Employer normal contribution rate for 2019 is 2.5%. I know this doesn't say "experience rate", but it looks like that is something earned over time.

Experience rating is the method by which employer contribution payments under the state unemployment compensation laws may be varied on the basis of each individual employer's experience with unemployment.

The New York document:
Dynamic Ads
v
Privacy Settings