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2023 Tax Rate Season Draws to a Close

TENNESSEE– Taxable Wage Base Remains the Same for 2023
The taxable wage base in Tennessee is set at $7,000 for 2023. This is remains the same as 2022.

2023 Tax Rate Update
Most of the 2023 tax rate notifications have been issued by the various state workforce agencies. We are still waiting for the tax rates to be issued in Delaware, Hawaii, Mississippi, and New York. As a reminder, in the states that allow a voluntary contribution, there may still be time to make a voluntary payment to reduce your tax rate for 2023. If you have any questions about your tax rates, or voluntary contribution opportunities, please reach out to your Thomas & Company Tax Analyst.

Holiday Reminder – Monday, February 20, 2023
Our offices and most state workforce agencies will be closed in honor of President’s Day on Monday, February 20.

Michele Heckmann

Author Michele Heckmann

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