Georgia Issues 2020 Unemployment Tax Rates

Georgia’s maximum unemployment tax rate for experienced employers is to decrease in 2020, the state Labor Department said Dec. 18.

Effective Jan. 1, 2020, unemployment tax rates experienced employers are to range from 0.04% to 7.56%, a department spokesman told Bloomberg Tax in an email. For 2019, tax rates range from 0.04% to 8.1%.

For 2020, the unemployment tax rate for new employers is to be 2.7%, unchanged from 2019.

All tax rates, except the minimum and maximum rates for experienced employers, are to include an administrative assessment of 0.06%.

Georgia’s unemployment-taxable wage base is to be $9,500 in 2020, ...