The Idaho Department of Labor has confirmed that unemployment tax rates for 2021 are set to decrease.
Effective January 1, 2021, unemployment tax rates are to range from 0.207% to 0.691% for positive-rated employers and from 1.245% to 5.400% for negative-rated employers. In comparison, tax rates for 2020 ranged from 0.255% to 0.849% for positive-rated employers and from 1.527% to 5.400% for negative-rated employers.
The 2021 tax rates for experienced employers not assessed the maximum rate include a workforce development training-fund surtax that ranges from 0.00621% to 0.05808%.
The unemployment tax rate for new employers is to be 1.00% 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.
