Voluntary Contributions
Voluntary contributions are not subject to a refund or credit. We do not apply them to your account if any liabilities or reports are due. To reduce your current year tax rate, we must receive the voluntary contribution payment on or before March 31 the current year.
Use your Notice of U.I. Tax Rate (IA 97) for the current year to decide if a voluntary payment will benefit your account. The Tax Rate Charts available on this website and the following formula will aid you in your calculation. Note: A voluntary contribution may also affect your subsidiary tax rate.
|
Locate the Normal Tax Rate you want and enter the Employer Account Percentage you need for that rate. Look under the column for the current year Size of Fund Index (IA 97a). |
_________________ |
|
Average Taxable Payroll (IA 97 #3). (Multiply line 1 by line 2) |
x________________ |
|
This will be the amount of the Employer Account Balance you will need. |
=________________ |
|
Actual account balance. (IA 97 #2) |
- ________________ |
|
Subtract your actual Employer Account Balance from the balance you will need. The difference is the Voluntary Contribution Estimated Amount. |
________________ |
To Evaluate Estimated Savings:
Multiply your anticipated taxable wages for current calendar year by your actual rate and your desired rate. The difference between the two, minus the Voluntary Contribution, will be your estimated savings.
The current year taxable wage base is $8,500.
Note:
This formula does not apply if you have:
- A negative account balance transfer
- An E code rate
- An A or F code (these rates are not adjustable)
Your rate code is the letter in the upper right hand corner of your Rate Notice.
Refer to letter IA93 for questions about the E code rate.
To Make a Voluntary Contribution:
Send your check payable to NYS Unemployment Insurance to the attention of:
Ms. Kim HaeusslerEmployer Account Adjustment Section
W.A. Harriman Campus, Building 12
Albany, N.Y. 12240-0415
Note:
-
Write your employer registration number on your letter and check.
-
Include a letter stating the payment is a voluntary contribution for the current rate year.
-
Do not state or imply any conditions as it may cause us to reject the Voluntary Payment.
For questions about Voluntary Contributions, call us toll-free at (888)-899-8810.