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Updated January 26, 2022
Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | N/A |
Unemployment Wage Base 2022: $8,000.00
Updated January 26, 2022
Minimum Wage Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Minimum Wage | $10.34 | $10.34 |
Minimum Tipped Wage | Prohibited | Prohibited |
Tip Credit | Prohibited | Prohibited |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $43,600.00 | $45,200.00 |
Updated January 26, 2022
Minimum Wage Changes – Effective 1/1/2022
Location | 2021 | 2022 | |
---|---|---|---|
Minimum Wage | $12.15 | $12.80 | |
Flagstaff | $15.00 | $15.50 | |
Minimum Tipped Wage | $9.15 | $9.80 | |
Flagstaff | $12.00 | $13.00 | |
Tip Credit | $3.00 | $3.00 | |
Flagstaff | $3.00 | $3.00 |
Unemployment Wage Base 2022: $7,000.00
Updated January 26, 2022
Minimum Wage Changes – Effective 1/1/2022
2020 | 2021 | |
---|---|---|
Minimum Wage | $11.00 | $11.00 |
Minimum Tipped Wage | $2.63 | $2.63 |
Tip Credit | $8.37 | $8.37 |
Unemployment Wage Base 2022: $10,000
Updated January 26, 2022
Minimum Wage Changes – Effective 1/1/2022
Employer Size | 2021 | 2022 | |
---|---|---|---|
Minimum Wage | 25 or Less Employees | $13.00 | $14.00 |
26 or More Employees | $14.00 | $15.00 | |
Minimum Tipped Wage | 25 or Less Employees | Prohibited | Prohibited |
26 or More Employees | Prohibited | Prohibited |
To learn more about CA state, city, and county minimum wages, click here.
Unemployment Wage Base 2022: $7,000.00
Updated December 15, 2021
Minimum Wage Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Minimum Wage | $12.32 | $12.56 |
Minimum Tipped Wage | $9.30 | $9.54 |
Tip Credit | $3.02 | $3.02 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $13,600.00 | $17,000.00 |
Updated December 15, 2021
Minimum Wage Changes – Effective 7/1/2022
2021 | 2022 | ||
---|---|---|---|
Minimum Wage | $13.00 | $14.00 | |
Minimum Tipped Wage | Bartenders | $8.23 | $8.23 |
Other Tipped Employees | $6.38 | $6.38 | |
Tip Credit | Bartenders | $4.77 | $5.77 |
Other Tipped Employees | $7.62 | $8.62 |
Unemployment Wage Base 2022: $15,000.00
Updated February 2, 2022
Minimum Wage Changes – Effective 7/1/2022
2021 | 2022 | |
---|---|---|
Minimum Wage | $15.20 | $16.10 |
Minimum Tipped Wage | $5.05 | $5.35 |
Tip Credit | $10.15 | $10.75 |
Unemployment Wage Base 2022: $9,000.00
Updated February 2, 2022
Minimum Wage Changes – Effective 10/1/2022
2021 | 2022 | |
---|---|---|
Minimum Wage | $9.25 | $10.50 |
Minimum Tipped Wage | $2.23 | $2.23 |
Tip Credit | $7.02 | $8.27 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $16,500.00 | $14,500.00 |
Updated December 15, 2021
Minimum Wage Changes – Effective 9/30/2022
2021/2022 | 2022/2023 | |
---|---|---|
Minimum Wage | $10.oo | $11.00* |
Minimum Tipped Wage | $6.98 | $7.98 |
Tip Credit | $3.02 | $3.02 |
*Amendment 2 will incrementally increase Florida’s state minimum wage starting in 2021 through 2026. The state minimum wage will increase at a rate of $1 each year, reaching $15.00 by 2026.
Unemployment Wage Base: $7,000.00
Updated December 15, 2021
Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | N/A |
Unemployment Wage Base 2022: $9,500.00
Updated January 26, 2022
Minimum Wage Changes – Effective 1/1/2022
2021 | 2022 | |
Minimum Wage | $10.10 | $10.10 |
Minimum Tipped Wage | $9.35 | $9.35 |
Tip Credit | $0.75* | $0.75* |
* Tip Credit in Hawaii is permissible if the combined amount the employee receives from the employer and in tips is at least $7.00 more than the applicable minimum wage.
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $47,400.00 | $51,600.00 |
Updated December 15, 2021
Hooray! No minimum wage changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $3.35 |
Tip Credit | $3.90 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $43,000.00 | $46,500.00 |
Updated January 26, 2022
Minimum Wage Changes – Effective 1/1/2022
Location | 2021 | 2022 | |
---|---|---|---|
Minimum Wage | $11.00 | $12.00 | |
Chicago (4-20 employees) | $14.00* | $14.50* | |
Chicago (21+ employees) | $14.00 | $15.00* | |
Cook County | $13.00 | $13.00 | |
Minimum Tipped Wage | $6.60 | $6.60 | |
Tip Credit | $4.40 | $4.40 |
*Effective 7/1/2022
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $12,960.00 | $12,960.00 |
Updated December 16, 2021
Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base 2022: $9,500.00
Updated December 16, 2021
Hooray! No minimum wage changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $4.35 |
Tip Credit | $2.90 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $32,400.00 | $34,800.00 |
Updated December 16, 2021
Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base 2022: $14,000.00
Updated January 26, 2022
Hooray! No minimum wage changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $10,800.00 | $11,100.00 |
Updated December 15, 2021
Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | N/A |
Unemployment Wage Base 2022: $7,700.00
Updated December 16, 2021
Minimum Wage Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Minimum Wage | $12.15 | $12.75 |
Minimum Tipped Wage | $6.08 | $6.38 |
Tip Credit | $6.08 | $6.38 |
Unemployment Wage Base 2022: $12,000.00
Updated January 26, 2022
Minimum Wage Changes- Effective 1/1/2022
Location | 2021 | 2022 | |
---|---|---|---|
Minimum Wage | (Small Employer – 14 or fewer) | $11.60 | $12.20 |
Minimum Wage | (Large Employer – 15 or more) | $11.75 | $12.50 |
Montgomery County (Small Employer – 10 or fewer) | $13.50 | $14.00* | |
Montgomery County (Mid-Sized Employer – 11-50 and certain nonprofit and service providers) | $14.00 | $14.50* | |
Montgomery County (Large Employer – 51 or more) | $15.00 | $15.00 | |
Prince George’s County | $11.75 | $12.50 | |
Minimum Tipped Wage | $3.63 | $3.63 | |
Tip Credit | $8.12 | $8.87 |
*Effective 7/1/2022
Unemployment Wage Base 2022: $8,500.00
Updated December 16, 2021
Minimum Wage Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Minimum Wage | $13.50 | $14.25 |
Minimum Tipped Wage | $5.55 | $6.15 |
Tip Credit | $7.95 | $8.10 |
Unemployment Wage Base 2022: $15,000.00
Updated January 26, 2022
Minimum Wage Changes – Effective 1/1/2022
2021 | 2021 | |
---|---|---|
Minimum Wage | $9.65 | $9.87 |
Minimum Tipped Wage | $3.67 | $3.75 |
Tip Credit | $5.98 | $6.12 |
Unemployment Wage Base 2022: $9,500.00
Updated January 26, 2022
Minimum Wage Changes – Effective 1/1/2022
Employer Size | 2021 | 2022 | |
---|---|---|---|
State of Minnesota | Less than $500,000 in Gross Sales | $8.21 | $8.42 |
$500,000 or more in Gross Sales | $10.08 | $10.33 | |
City of Minneapolis | (Small Employer – 100 or fewer) | $12.50 | $13.50* |
(Large Employer – 101 or more) | $14.25 | $15.00* | |
(Small Employer – 5 or fewer) | $10.00 | $10.75* | |
City of St. Paul | (Small Employer – 6 to 100 employees) | $11.00 | $12.00* |
(Large Employer – 101 or more) | $12.50 | $13.50* |
*Effective 7/1/2022
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $35,000.00 | $38,000.00 |
Updated December 17, 2021
Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | N/A |
Unemployment Wage Base 2022: $14,000.00
Updated January 26, 2022
Minimum Wage Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Minimum Wage | $10.30 | $11.15 |
Minimum Tipped Wage | $5.15 | $5.15 |
Tip Credit | $4.725 | $5,15 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $11,000.00 | $11,000.00 |
Updated December 17, 2021
Minimum Wage Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Minimum Wage | $8.75 | $9.20 |
Minimum Tipped Wage | Prohibited | Prohibited |
Tip Credit | Prohibited | Prohibited |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $35,300.00 | $38,100.00 |
Updated December 17, 2021
Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $9.00 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $6.87 |
Unemployment Wage Base 2022: $9,000.00
Updated December 17, 2021
Minimum Wage Changes- Effective 7/1/2022
2020/2021 | 2021/2022 | |
---|---|---|
Minimum Wage | $9.75 if no qualifying health benefits offered, $8.75 with qualifying health benefits | $10.50 if no qualifying health benefits offered, $9.50 with qualifying health benefits |
Minimum Tipped Wage | Prohibited | Prohibited |
Tip Credit | Prohibited | Prohibited |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $33,400.00 | $36,600.00 |
Updated December 17, 2021
Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $3.26 |
Tip Credit | $3.99 |
Unemployment Wage Base 2022: $14,000.00
Updated January 26, 2022
Minimum Wage Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Minimum Wage | $12.00 | $13.00 |
Minimum Tipped Wage | $4.13 | $5.13 |
Tip Credit | $7.87 | $7.87 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $36,200.00 | $39,800.00 |
Updated January 26, 2022
Minimum Wage changes – Effective 1/1/2022
Location | 2021 | 2022 | |
---|---|---|---|
Minimum Wage | State of New Mexico | $10.50 | $11.50 |
Albuquerque (without health benefits or childcare) | $10.50 | $11.50 | |
Albuquerque (with health benefits or childcare) | $9.50 | $10.50 | |
Bernalillo County | $10.50 | $11.50 | |
Las Cruces | $10.50 | $11.50 | |
Santa Fe | $12.32 | $12.32 | |
Santa Fe County (effective 3/1/2021) | $12.32 | $12.32 | |
Minimum Tipped Wage | State of New Mexico | $2.55 | $2.80 |
Albuquerque | $6.30 | $6.90 | |
Las Cruces | $4.20 | $4.60 | |
Santa Fe County (effective 3/1/2021) | $3.69 | $3.69 | |
Tip Credit | State of New Mexico | $7.95 | $8.70 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $27,000.00 | $28,700.00 |
Updated December 17, 2021
Minimum Wage Changes – Effective 12/31/2021 (Through 12/30/2022)
Location | 2021 | 2022 |
---|---|---|
State of New York | $12.50 | $13.20 |
NYC Large Employer – 11 or More Employees | $15.00 | $15.00 |
NYC Small Employer – 10 or Less Employees | $15.00 | $15.00 |
Long Island & Westchester | $14.00 | $15.00 |
Fast Food Employees | $14.50 | $15.00 |
NYC Fast Food Employees | $15.00 | $15.00 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $11,800.00 | $12,000.00 |
Updated January 26, 2022
Hooray! No minimum wage changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base Changes – Effective 1/1/2021
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $26,000.00 | $28,000.00 |
Updated January 26, 2022
Hooray! No minimum wage changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $4.86 |
Tip Credit | $2.39 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $38,500.00 | $38,400.00 |
Updated December 17, 2021
Minimum Wage Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Minimum Wage | $8.80 | $9.30 |
Minimum Tipped Wage | $4.40 | $4.65 |
Tip Credit | $4.40 | $4.65 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $9,000.00 | $9,000.00 |
Updated December 17, 2021
Hooray! No minimum wage changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $24,000.00 | $24,800.00 |
Updated January 26, 2022
Minimum Wage Changes – Effective 7/1/2022
Location | H2 2021/H1 2022 | H2 2022/H1 2023 | |
---|---|---|---|
Minimum Wage | $12.75 | $13.50 | |
Portland Metro | $14.00 | $14.75 | |
Non-urban Counties | $12.00 | $12.50 | |
Minimum Tipped Wage | Prohibited | Prohibited |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $43,800.00 | $47,700.00 |
Updated December 17, 2021
Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.83 |
Tip Credit | $4.42 |
Unemployment Wage Base 2022: $10,000.00
Updated January 26, 2022
Minimum Wage Changes – Effective 1/1/2022
2021 | 2022 | |
Minimum Wage | $11.50 | $12.25 |
Minimum Tipped Wage | $3.89 | $4.64 |
Tip Credit | $7.61 | $7.61 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $26,100.00 | $24,600.00 |
Updated January 26, 2022
Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | N/A |
Unemployment Wage Base 2022: $14,000.00
Updated December 17, 2021
Minimum Wage Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Minimum Wage | $9.45 | $9.95 |
Minimum Tipped Wage | $4.73 | $4.80 |
Tip Credit | $4.65 | $4.73 |
Unemployment Wage Base 2022: $15,000.00
Updated December 17, 2021
Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | N/A |
Unemployment Wage Base 2022: $7,000.00
Updated December 17, 2021
Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base 2022: $9,000.00
Updated January 26, 2022
Hooray! No minimum wage changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $38,900.00 | $41,600.00 |
Updated December 27, 2021
Minimum Wage Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Minimum Wage | $11.75 | $12.55 |
Minimum Tipped Wage | $5.88 | $6.28 |
Tip Credit | $5.87 | $6.27 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $14,100.00 | $15,500.00 |
Updated December 17, 2021
Minimum Wage Changes – Effective 5/1/2022
2021 | 2022 | |
---|---|---|
Minimum Wage | $9.50 | $11.00 |
Minimum Tipped Wage | $2.13 | $2.13 |
Tip Credit | $7.37 | $8.87 |
Unemployment Wage Base 2022: $8,000.00
Updated December 17, 2021
Minimum Wage Changes – Effective 1/1/2022
Location | 2021 | 2022 | |
---|---|---|---|
Minimum Wage | $13.69 | $14.49 | |
Seattle – Schedule 1 Employers (501 or more employees in US) | $16.69 | $17.27 | |
Seattle – Schedule 1 Employers (of a franchise businesses with 500 or more employees nationwide) | $16.69 | $17.27 | |
Seattle – Schedule 2 Employers (500 or fewer) without Medical Benefits | $16.69 | $17.27 | |
Seattle – Schedule 2 Employers (500 or fewer) with Medical Benefits | $15.00 | $15.75 | |
Tacoma | $13.69 | $14.49 | |
Minimum Tipped Wage | Prohibited | Prohibited | Prohibited |
Tip Credit | Prohibited | Prohibited | Prohibited |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $56,500.00 | $62,500.00 |
Updated December 17, 2021
Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $8.75 |
Minimum Tipped Wage | $2.62 |
Tip Credit | $6.13 |
Unemployment Wage Base 2022: $12,000.00
Updated December 17, 2021
Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.33 |
Tip Credit | $4.92 |
Unemployment Wage Base 2022: $14,000.00
Updated January 26, 2022
Hooray! No minimum wage changes for 2022. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Unemployment Wage Base | $27,300.00 | $27,700.00 |
Social Security Wage Base Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Social Security Wage Base | $142,800.00 | $147,000.00 |
FSA Limit Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Health FSA Limit | $2,750.00 | $2,850.00 |
Dependent Care Limit | $10,500.00 | $5,000.00* |
*The temporary, $10,000 increase was part of the American Rescue Plan Act of 2021, and was not extended into 2022.
HSA Limit Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Individual HSA Limit | $3,600.00 | $3,650.00 |
Family HSA Limit | $7,200.00 | $7,300.00 |
HSA Catch-up Contribution (age 55+) | $1,000.00 | $1,000.00 |
Individual HDHP Out-Of-Pocket Max | $7,000.00 | $7,050.00 |
Family HDHP Out-Of-Pocket Max | $14,000.00 | $14,100.00 |
Mileage Reimbursement Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Business Miles Driven | $0.56 | $0.585 |
Moving Mileage Reimbursement | No longer allowed | No longer allowed |
Transportation Benefits – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Parking Allowance – Per Month | $270.00 | $280.00 |
Transit Allowance – Per Month | $270.00 | $280.00 |
Qualified Small Employer HRA (QSEHRA) – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Single – Monthly | $441.67 | $454.16 |
Family – Monthly | $891.67 | $920.83 |
Single – Annual | $5,300.00 | $5,450.00 |
Family – Annual | $10,700.00 | $11,050.00 |
401(k), 403(b), 457 Plan Limit Changes – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Maximum employee elective deferral | $19,500.00 | $20,500.00 |
Employee catch-up contribution (if age 50 or older by year-end) | $6,500.00 | $6,500.00 |
Employee compensation limit for calculating contributions | $290,000.00 | $305,000.00 |
*The $6,500 catch-up contribution limit for participants age 50 or older applies from the start of the year to those turning 50 at any time during the year. |
IRA Contribution Limits – Effective 1/1/2022
2021 | 2022 | |
---|---|---|
Traditional IRA | $6,000.00 | $6,000.00 |
Roth IRA | $6,000.00 | $6,000.00 |
Employee catch-up contribution (if age 50 or older by year-end) | $1,000.00 | $1,000.00 |
*The $1,000 catch-up contribution limit for participants age 50 or older applies from the start of the year to those turning 50 at any time during the year. |
Check out our guide to the payroll process for more information, or try out our employer payroll calculator to see how these taxes are applied in practice.
Just share some basic information, then we’ll set everything up and import your employees’ information for you. It couldn’t be easier.