SMART HR Related News
Watch your Check dates during payoffs. These dates will determine which TRA rate to use for employer and employee share. Employer Share – Fiscal Year 2024 & 2025 (07/01/2023 – 06/30/2025) = 8.75% Employer Share – Fiscal Year 2026 (07/01/2025 – 06/30/2026) = 9.50% Employee Share – Fiscal Year 2024 & 2025 (07/01/2023 – 06/30/2025) = 7.75% Employee Share – Fiscal Year 2026 (07/01/2025 – 06/30/2026) = 8.00% When you calculate your payoff payroll PLEASE review your proof to ensure the correct TRA rate is being used based on your check dates.