Tennessee Unemployment Tax Rates Hold Steady for 2020/2021

By August 25, 2020News, Regional

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.

Josh Kendall

Author Josh Kendall

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