New Jersey Unemployment Tax Rates Hold Steady for 2020/2021

By July 20, 2020July 27th, 2020News, Regional

The New Jersey Department of Labor and Workforce Development has confirmed that unemployment tax rates for the one-year period beginning July 1, 2020 will remain the same as the prior period.

Effective July 1, 2020, New Jersey’s experienced-employer unemployment tax rates are to be determined with Table B and are to range from 0.40% to 5.40%.

The general unemployment tax rate for new employers is to remain at 2.80% during this period.

New Jersey is one of four states that generally determines unemployment tax rates on a fiscal-year basis.

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Josh Kendall

Author Josh Kendall

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