The Hawaii Department of Industrial Relations announced that unemployment tax rates are set to increase for 2021.
Hawaii’s unemployment tax rates for 2021 are to be determined with the state’s highest unemployment tax rate schedule, Schedule H. Tax rates for experienced employers are to range from 2.40% to 5.20% for positive-rated employers and from 5.40% to 6.60% for negative-rated employers.
In 2020, Schedule C, which has the third-lowest range of rates out of the state’s eight unemployment tax rate schedules, was in effect. Rates under Schedule C range from 0.00% to 2.40% for positive-rated employers and from 2.80% to 5.60% for negative-rated employers.
Employers also are to be assessed an employment and training assessment of 0.01%, unchanged from 2020.
The tax rate for new employers is to be 5.20% in 2021, up from 2.40% in 2020.
The Department has indicated that it expects legislative action to implement a lower rate schedule for 2021 but this has not yet occurred.
As always, if there are any questions please do not hesitate to contact us or visit our website at www.thomas-and-company.com.