Overview of Minnesota Unemployment Tax Rate for 2024

Overview of Minnesota Unemployment Tax Rate for 2024

The 2024 Minnesota unemployment insurance tax rate determinations have now been sent out by the U.S. mail or can be found online in your correspondence tab when logged in on the MNUI System. In 2024, the first $42,000 of wages you pay to each employee is taxable for MN unemployment insurance. The base tax rate is 0.10% and can go up to a maximum of 8.90% based of your experience rate.

There are no additional assessments for 2024. 

We recommend employers review their annual tax rate determination notices to plan for additional taxes. 

Employers can log in to view their tax rates and use the optional calculator tools available in their employer portal. Please visit https://www.uimn.org/ to login.

 

Business Valuation

Trump Accounts: What You Should Know About Access and Tax Treatment

Trump Accounts: What You Should Know About Access and Tax Treatment

Earlier this year, Congress enacted the One Big Beautiful Bill Act, a comprehensive piece of tax legislation containing numerous individual and...

Read More
Planning Opportunities for Qualified Small Businesses and Updated IRC Section 1202 Rules Under the OBBBA

Planning Opportunities for Qualified Small Businesses and Updated IRC Section 1202 Rules Under the OBBBA

For entrepreneurs, investors, and founders, recent updates to the One Big Beautiful Bill Act (OBBBA) expand one of the most powerful tax-planning...

Read More
Balancing Pre-LOI and Post-LOI Diligence in ETA: Strategy, Tradeoffs, and Winning the Auction

Balancing Pre-LOI and Post-LOI Diligence in ETA: Strategy, Tradeoffs, and Winning the Auction

Entrepreneurship through acquisition (ETA) offers an increasingly popular path to business ownership. For many, it’s an appealing alternative to...

Read More