Tennessee’s unemployment tax rates and unemployment-taxable wage base remain unchanged for the first half of 2024, according to a Jan. 31 update on the Labor and Workforce Development Department website.
Effective from Jan. 1, 2024, to June 30, 2024, tax rates for experienced employers are determined using Premium Table 6. Tax rates range from 0.01% to 2.3% for positive-rated employers and from 5% to 10% for negative-rated employers. Tennessee is the only state to determine experienced employer unemployment tax rates on a semiannual basis.
The standard unemployment tax rate for new employers is 2.7% for fiscal year 2024, ...
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