Legislative Alert for FUTA Changes

The FUTA Surtax of 0.2% will expire on June 30, 2011 based on information provided in the IRS Publication 15 (Circular E) for 2011. Employers will see a lower Federal Unemployment tax rate in the second half of the year after the special surtax expires. The FUTA tax rate will remain at 6.2% through June 30, 2011. Effective July 1, 2011, the FUTA tax rate decreases to 6.0%. Due to the urgency of this change PeopleSoft Payroll for North America has created a special posting to comply with the IRS regulations. Please refer to My Oracle Support Document ID 133225.1 for specific information on this posting as it relates to your release.
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This blog is dedicated to topics focused on legislative updates to PeopleSoft Applications including Human Capital Management and Financials.

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