The Montana Department of Labor has announced that unemployment tax rates are not to change for 2021.
Effective January 1, 2021, unemployment tax rates for experience-rated employers are to be determined with Schedule 1, with tax rate ranging from 0.13% to 1.60% for positive-rated employers and from 3.10% to 6.30% for negative-rated employers. These rates include the Administrative Fund Tax attributable to all employers; 0.13% for positive-rated employers and 0.18% for negative-rated employers.
Montana’s unemployment taxable wage base is to be $35,300 in 2021, up from $34,100 in 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.