The South Dakota Department of Labor & Regulation has confirmed that unemployment tax rates for calendar year 2021 will remain unchanged from the prior year.
Effective January 1, 2021, South Dakota’s experienced-employer unemployment tax rates are to be determined with Schedule B and are to range from 0.00% to 9.30%. Furthermore, employers will also be assessed an investment fee ranging from 0.00% to 0.53%.
The general unemployment tax rate for new employers is to remain at either 1.00% or 1.20% for non-construction employers and 3.00% or 6.00% for construction employer.
Additionally, South Dakota’s unemployment taxable wage base will remain at $15,000 for 2021.
As always, if there are any questions please do not hesitate to contact us or visit our website at www.thomas-and-company.com.
