Unemployment tax changes: How they affect you
Last updated: 5/10/22 at 12:30 p.m.
On April 29, 2022, the Minnesota Legislature passed, and Governor Walz signed into law, a Trust Fund Replenishment bill. The new law reduces the amount of unemployment tax and assessments a taxpaying employer will owe in 2022.
- 2022 Base Tax Rate changed from 0.50% to 0.10%
- 2022 Additional Assessment changed from 14.00% to 0.00%
- 2022 Special Assessment (Federal Interest Loan Assessment) changed from 1.80% to 0.00%