Tax Rate Notices Coming in February

Date: December 02, 2020

The Texas Workforce Commission said today that it’s still exploring options to keep the 2021 tax rates as low as possible for Texas employers as the state continues to deal with the economic disruptions of the COVID-19 pandemic.

The commission said the 2021 tax notices should be mailed in February. The commission said it’s monitoring discussions by Congress regarding potential relief legislation to help limit the impact of the COVID-19 pandemic on 2021 tax rates.

In previous years, employer tax rates were released in December, but over the next two months, the commission will consider different ways to keep rates as low as possible. A February notification will give employers sufficient time to update their programs, notify their service agents, and submit their first 2021 tax report in April 2021.

Related Content: Small Business News | Texas

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