Lower unemployment leads to reduced taxes for Missouri businesses

Parent Category: News Category: State and Regional News Written by Rob Viehman Hits: 561

For the third year in a row, thousands of Missouri’s employers will see a reduction in their unemployment insurance (UI) taxes due to a decrease in Missouri’s UI taxable wage base (TWB). For Missouri employers the TWB will decrease $500 as of January 1, 2020, from $12,000 to $11,500.