Idaho Unemployment Tax Rates Decrease for 2021

By November 19, 2020News, Regional

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.

Kathy Wilson

Author Kathy Wilson

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