Wisconsin Unemployment Tax Rates Hold Steady for 2021

By October 14, 2020News, Regional

The Wisconsin Department of Workforce Development announced that unemployment tax rates are not to change for 2021.

Effective January 1, 2021, unemployment tax rates for experienced employers are to be determined with Schedule D, unchanged from 2020. For experienced employers with a taxable payroll of less than $500,000 over the 12-month period ended June 30, 2020, rates are to range from zero to 12%. For employers with taxable payroll of at least $500,000, rates are to range from 0.05% to 12%. These rates include a solvency surtax.

For 2021, the standard tax rate for new employers with taxable payroll of less than $500,000 is to be 3.05%, and the rate for those with taxable payroll of at least $500,000 is to be 3.25%, unchanged from 2020.

For new construction employers with taxable payroll of less than $500,000, the unemployment tax rate is to be 2.90% for 2021, down from 3.30% in 2020. For those with taxable payroll of at least $500,000, the tax rate is to be 3.10%, down from 3.45%.

Wisconsin’s unemployment-taxable wage base is to be $14,000 in 2021, unchanged from 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.

Kathy Wilson

Author Kathy Wilson

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