Lookback Period definition

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Lookback Period

Lookback Period logo #23117A 12-month period beginning on July 1 and ending on June 30 of the previous calendar year. The amount of payroll taxes (Federal Withholding, Social Security, and Medicare without being reduced by any AEIC payments) in the lookback period determines the employer's deposit schedule of the payroll taxes for the current calendar year. These payroll tax...
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