Oklahoma Unemployment Tax Rates & Wage Base Set to Increase in 2021

By September 29, 2020News, Regional

The Oklahoma Employment Security Commission has confirmed that unemployment tax rates and taxable wage limits for calendar year 2021 will increase.

Effective January 1, 2021, Oklahoma’s experienced-employer unemployment tax rates are to be determined with Conditional Factor D, causing rates to range from 0.30% to 7.50%. This is an increase form 2020 where rates ranged from 0.10% to 5.50%. The new employer tax rate will remain steady at 1.50% for 2021.

Additionally, the unemployment taxable wage base is set to increase in 2021 to $24,000; up from $18,700 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.

Josh Kendall

Author Josh Kendall

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