Montana Taxable Wage Base released for 2020

From Montana Department of Labor and Industry

HELENA — The Montana Department of Labor & Industry announces that the Unemployment Insurance — UI — Taxable Wage Base for 2020 will be $34,100, an increase of $1,100 from 2019.

The taxable wage base in Montana is 80 percent of the average annual wage rounded to the nearest $100, per MCA 39-51-1108. The average annual wage in Montana for 2018 was $42,597.62 for UI covered employers. The average annual wage is used to determine the maximum and minimum weekly UI benefit payments recipients can receive during State Fiscal Year 2020

“Keeping the Taxabl...