Vermont Business Magazine The Vermont Department of Labor has announced that effective July 1, 2022, employer unemployment insurance (UI) contributions, or taxes, will decrease as the UI tax schedule moves from Schedule III to Schedule I. This change is part of an annual statutory calculation performed by the Department of Labor’s Economic and Labor Market Information Division. In addition, taxable employers will receive additional relief in January 2023 when the UI taxable wage base (TWB) decreases by $2,000. Effective January 1, 2023, the TWB will decrease from its current level of $15,500 to $13,500. Employers will pay UI taxes on the first $13,500 an employee makes in a calendar year. The last time the taxable wage base was near this level was in 2011 when it was set at $13,000.