Minnesota’s 2020 contribution rates released
Wednesday, January 15, 2020

Minnesota’s 2020 contribution rates released

By Payroll and Entitlements Editorial Staff

For 2020, the base rate is 0.10% and the Workforce Development Fee is also 0.10%. There is no additional assessment of 14.0% of the tax due in effect for 2020. There is also no federal loan interest assessment in effect for the year. For 2020, the tax rate for all new employers is based on the average rate for the employer’s industry. Prior to 2018, new employers were grouped together as high experience rating industries or non-high experience rating industries when assigned new employer rates. The total cost estimate for experience-rated employers in 2020 ranges from 0.20% to 9.10% (DEED Communication).

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