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.