The Kansas Department of Labor announced that unemployment tax rates are set to increase for 2021.
Effective January 1, 2021, tax rates are to range from 0.20% to 5.40% for positive-rated employers and from 5.60% to 7.60% for negative-rated employers.
Additionally, the standard tax rate for new employers is to be 2.70% and the tax rate for new construction employers is to be 6.00%, unchanged from 2020.
For 2021, a solvency adjustment is not to be in effect. This in and of itself will contribute to higher rates for employers because it is a departure from 2020 where a solvency adjustment was in effect and reduced unemployment tax rates by 0.50%.
The unemployment-taxable wage base for 2021 is to remain at $14,000, 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.
