2021 Unemployment Wage Base By State

Some states may elect to enact additional solvency rates increase minimum and maximum rates raise taxable wage bases or opt for any combination of these initiatives.

2021 unemployment wage base by state. 2021 state wage bases updated 11 05 20 2020 state wage bases 2019 state wage bases 2018 state wage bases. State trust fund balances play a significant role in determining unemployment rate assignments. The new employer tax rate will remain steady at 1 50 for 2021.

Employee catch up contribution if age 50 or older by year end 6 500 00. The tax rate for existing employers for the state plan is based on each employer s claims experience. Taxable wage bases 2018 2021.

Following the federal unemployment tax act futa scheme state unemployment contributions taxes are determined by applying a certain percentage to the taxable wages paid by the employer. The tdi taxable wage base for employers only is 36 200 a slight increase from 2020 s 35 300. Futa requires that each state s taxable wage base must at least equal the futa taxable wage base of 7 000 per employee and most states have wage bases that exceed the required amount.

State unemployment insurance taxes are based on a percentage of the taxable wages an employer pays. This is an increase form 2020 where rates ranged from 0 10 to 5 50. The federal unemployment tax act futa requires that each state s taxable wage base must at least equal the futa wage base of 7 000 per employee although most states wage bases exceed the required amount.

Up from 18 700 in 2020. The taxable wage base will continue to increase as follows. A 10 percent tax on a 7 000 wage base raises 700 while the same rate on a 49 800 wage base generates 4 980.

For each year thereafter computed as 16 of the state s average annual wage. Currently washington is the state with the highest taxable wage base at 52 700 rates can only be understood in tandem with wage bases. State unemployment taxable wage base.