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

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
IRS Sets 2026 Business Mileage Rate at 72.5 Cents

IRS Sets 2026 Business Mileage Rate at 72.5 Cents

If your business reimburses mileage or deducts vehicle expenses, the IRS just made a change you’ll want to account for before year-end planning.

Read More
Understanding GASB Statement 102: Identifying and Disclosing Risks

Understanding GASB Statement 102: Identifying and Disclosing Risks

GASB Statement 102 introduces new financial reporting requirements designed to increase transparency and strengthen how governments communicate risk....

Read More