Illinois Issues 2021 Unemployment Tax Rates, Wage Base

Nov. 30, 2020, 7:45 PM

The Illinois unemployment-taxable wage base is to be $12,960 for 2021, up from $12,740 for 2020, the state department of Employment Security said Nov. 30.

Effective Jan. 1, 2021, unemployment tax rates for experienced employers are to range from 0.675% to 6.875%, the department said on its website.

The standard unemployment tax rate for new employers is to be 3.175% in 2021, up from 3.125% for 2020. There are to be no industries for which new employers are assessed a tax rate higher than the standard tax rate.

Tax rates are to include a fund-building surtax of 0.475% in ...

To read the full article log in. To learn more about a subscription click here.