In a phone call today, sources from the Tennessee Department of Labor & Workforce Development indicated that unemployment tax rates for the one-year period from July 1, 2020 to June 30, 2021 will remain at Premium Table 6.
Tax rates in Tennessee have been at Premium Table 6 since July 1, 2015. This is the lowest table in the Department’s statutes.
Effective July 1, 2020, Tennessee’s experienced-employer unemployment tax rates will range from 0.01 percent to 10.0 percent. The new-employer tax rate will also remain unchanged at 2.70%.
Tennessee is one of four states that generally determines unemployment tax rates on a fiscal-year basis.
As always, if there are any questions please do not hesitate to contact us or visit our website at www.thomas-and-company.com.