The Indiana Department of Workforce Development has stated that the range of unemployment tax rates for 2021 will remain unchanged from 2020.
Effective January 1, 2021, unemployment tax rates are to range from 0.50% to 3.80% for positive-rated employers and from 4.90% to 7.40% for negative-rated employers. A solvency surcharge is not to be in effect for 2021.
The new employer unemployment tax rate will remain at 2.50% in 2021, unchanged from 2020.
The tax rate for new construction employers also is to be 2.50%, down from 2.53% for 2020.
Indiana’s unemployment taxable wage base is to be $9,500 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.