Alaska Unemployment Tax Rates Set to Rise in 2021

By December 3, 2020News, Regional

The Alaska Department of Labor announced that unemployment tax rates are set to increase for 2021.

For 2021, unemployment tax rates for non-delinquent experienced employers are to range from 1.00% to 2.07% and the rate for delinquent experienced employers is to be 5.40%.

Unemployment tax rates for employers will generally be higher than they otherwise would have been because a solvency adjustment surcharge of 0.30% is in effect for 2021. For 2020, a solvency adjustment credit of 0.40% is in effect.

Employees are to be assessed for 2021, as in 2020, an unemployment tax of 0.50% that employers are to deduct from wages.

Unemployment tax rates for new employers are expected to be released in mid-December.

Additionally, Alaska’s unemployment taxable wage base for 2021 is to be $43,600, up from $41,500 in 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.

Josh Kendall

Author Josh Kendall

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