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

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