Missouri Unemployment Taxable Wage Base to Drop in 2021

By October 7, 2020News, Regional

The Missouri Division of Employment Security announced today that the unemployment taxable wage base is set to decrease to $11,000 in 2021, down from $11,500 in 2020.

The change to the taxable wage base takes effect Jan. 1, 2021.

Unemployment tax rates are not to be changed for 2021. Tax rates for experience-rated employers are to range from 0.00 to 5.40%, including a rate adjustment of 12% for employers not assigned the maximum basic rate.

The unemployment tax rate for new-employers, including those in the mining industry and the construction industry, is to be 2.376% in 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.

Josh Kendall

Author Josh Kendall

More posts by Josh Kendall