Illinois Unemployment Tax Rates Set to Rise in 2021

By December 1, 2020News, Regional

The Illinois Department of Employment Security announced that unemployment tax rates are set to increase for 2021.

Effective January 1, 2021, unemployment tax rates for experience-rated employers are to range from 0.675% to 6.875%. These rates include a fund-building surtax of 0.475% in 2021, up from 0.425% in 2020.

The standard unemployment tax rate for new employers is to be 3.175% in 2021, up from 3.125% for 2020. There are to be no industries for which new employers are assessed a tax rate higher than the standard tax rate.

Illinois’ unemployment-taxable wage base for 2021 is to be $12,960, up from $12,740 in 2020.

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Josh Kendall

Author Josh Kendall

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