Unemployment insurance (UI) tax rates in Texas will return to pre-COVID levels for 2021. The Texas Workforce Commission has announced that it has set 2021 UI rates to be consistent with 2020 rates, rather than increasing rates due to the pandemic. For 2020, rates for experienced employers ranged from 0.31% to 6.31%, which included a 0.10% employment and training assessment. The new employer rate is 2.7%. The taxable wage base is $9,000. The UI replenishment rate is 0.18% and the Obligation Assessment was set to 0.03% to cover any federal interest due on Title XII loans due on Sept. 30, 2021. Here’s more: https://bit.ly/3wTzDjB
Unemployment insurance (UI) tax rates in Texas will return to pre-COVID levels for 2021. The Texas Workforce Commission has announced that it has set 2021 UI rates to be consistent with 2020 rates, rather than increasing rates due to the pandemic. For 2020, rates for experienced employers ranged from 0.31% to 6.31%, which included a 0.10% employment and training assessment. The new employer rate is 2.7%. The taxable wage base is $9,000. The UI replenishment rate is 0.18% and the Obligation Assessment was set to 0.03% to cover any federal interest due on Title XII loans due on Sept. 30, 2021. Here’s more: https://bit.ly/3wTzDjB