Effective Jan. 1, 2021, New Jersey’s unemployment taxable wage base will increase to $36,200, up from $35,300 for 2020.
New Jersey’s temporary disability insurance wage base is also set to increase to $138,200 for 2021. In addition to being used for computing temporary disability insurance tax, New Jersey’s temporary disability insurance wage base is used to compute the family-leave insurance tax for employees.
As always, if there are any questions please do not hesitate to contact us or visit our website at www.thomas-and-company.com.
