The Arizona Department of Economic Security announced that employers should expect unemployment tax rates to be higher in 2021 than in 2020.
Effective January 1, 2021, unemployment tax rates will range from 0.08% to 10.30% for positive-rated employers and from 10.87% to 20.60% for negative-rated employers. In comparison, tax rates in 2020 ranged from 0.05% to 6.42% for positive-rated employers and from 6.78% to 12.85% for negative-rated employers.
The tax rate for new employers is 2.00% for 2021, unchanged from 2020.
Arizona’s unemployment taxable wage base is $7,000 for 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.