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Illinois Unemployment-Taxable Wage Base to Fall in 2020

Dec. 3, 2019, 8:12 PM

The Illinois unemployment-taxable wage base is to be $12,740 for 2020, down from $12,960 for 2019, the state department of Employment Security said Dec. 3.

Effective Jan. 1, 2020, unemployment tax rates for experienced employers are to range from 0.625% to 7.25%, a department spokeswoman told Bloomberg Tax in an email.

The standard unemployment tax rate for new employers is to be 3.125% in 2020, down from 3.175% for 2019. The unemployment tax rate for new employers in the mining industry is to be 3.425% for 2020, down from 3.575% for 2019.

The mining industry is to be the only ...

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