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.
Kory Boyer, MBA: July 9, 2024
If you are planning an M&A transaction that is a carve-out situation, you want to ensure a successful transition and business continuity. That is the...
Melissa Doumbia, CPP: June 26, 2024
Effective July 1, significant changes are being made to Minnesota’s independent contractor and employment laws. All employers, as well as their...
Jeff Leseman, CPA: June 25, 2024
Achieving a rapid accounting close isn't just about administrative efficiency; it's a strategic necessity that enhances decision-making, financial...
Redpath and Company
