New Jersey Releases 2025 Unemployment Insurance Employee Tax Rate

Nov. 19, 2024, 7:58 PM UTC

New Jersey’s total unemployment insurance tax rate for employees in 2025 will be 0.425%, according to an update on the state Department of Labor and Workforce Development’s website.

The tax rate consists of a 0.3825% unemployment insurance rate and a 0.0425% workforce development-supplemental workforce fund assessment, according to the website.

New Jersey’s unemployment-taxable wage base, which is $43,300 for 2025, will also apply to the employee tax rate, according to the website.

New Jersey is one of only three states that assesses an unemployment insurance tax on employees.

The state already released its unemployment insurance tax rates for employers. ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.