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Idaho saves businesses another $22 million in taxes. By Governor Brad Little Press Release (12/13/24)
According to the press release, the unemployment insurance tax rate will decrease 20 percent in 2025.
Key Points:
The base unemployment insurance (UI) tax rate for 2025 will be 0.788%, a decrease of 20% from 2024 and the second lowest rate on record since 1980.
Expected tax savings for employers is $22 million.
The taxable wage base will rise from $53,500 to $55,300 in 2025. The taxable wage base determines the maximum amount Idaho employers pay in UI taxes per employee.
Idaho’s new employer rate remains at 1.0 percent – the lowest rate allowed by federal conformity requirements.
How businesses can help keep UI tax rates lower:
Call (877) 540-8638, email fraud@labor.idaho.gov, or visit labor.idaho.gov/busines…to report UI fraud.
Report all new hires within 20 days at labor.idaho.gov/newhire. This helps prevent people from continuing to receive benefits after they begin working.
Respond electronically to information requests on UI claims at labor.idaho.gov/sides.
