The Missouri Division of Employment Security announced today that the unemployment taxable wage base is set to decrease to $11,000 in 2021, down from $11,500 in 2020.
The change to the taxable wage base takes effect Jan. 1, 2021.
Unemployment tax rates are not to be changed for 2021. Tax rates for experience-rated employers are to range from 0.00 to 5.40%, including a rate adjustment of 12% for employers not assigned the maximum basic rate.
The unemployment tax rate for new-employers, including those in the mining industry and the construction industry, is to be 2.376% in 2021, unchanged from 2020.
As always, if there are any questions please do not hesitate to contact us or visit our website at www.thomas-and-company.com.
