Unemployment insurance taxes in the state of Vermont are being reduced for the second year in a row. The state was moved into a Tax Rate Schedule 4 in the summer of last year and this year is moving into a Schedule 3. The highest rates will be lowered to 6.5 percent and the lowest rates will go down to 0.8 percent.
The current maximum weekly benefit amount of $466 will also be increasing to $498. Additionally, the move to a Schedule 3 reduces the taxable wage base in the state by $2,000 in the new year.