Federal and State Payroll Updates - 2023

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A number of states and the District of Columbia have payroll-related changes that will take effect in the new year. These changes include minimum wage changes, updated state unemployment wage bases, and new paid sick leave laws. A current listing of enacted leave laws can also be found by clicking here.

Alabama

Updated December 19, 2022

 

Hooray! No state changes for 2023. 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 2023: $8,000.00

Alaska

Updated December 19, 2022

 

Minimum Wage Changes – Effective 1/1/2023

2022 2023
Minimum Wage $10.34 $10.85
Minimum Tipped Wage Prohibited Prohibited
Tip Credit Prohibited Prohibited

 

Unemployment Wage Base Changes – Effective 1/1/2023

2022 2023
Unemployment Wage Base $45,200.00 $47,100.00

Arizona

Updated December 16, 2022

 

Minimum Wage Changes – Effective 1/1/2023

Location 2022 2023
Minimum Wage  $12.80 $13.85
Flagstaff  $15.50 $16.80
Minimum Tipped Wage $9.80 $10.85
Flagstaff $13.00 $14.80
Tip Credit $3.00 $3.00
Flagstaff $3.00 $2.00

Unemployment Wage Base 2023: $8,000.00

Arkansas

Updated December 16, 2022

 

Minimum Wage Changes – Effective 1/1/2023

2022 2023
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

Unemployment Wage Base 2023: $7,000

California

Updated December 20, 2022

 

Minimum Wage Changes – Effective 1/1/2023

Employer Size 2022 2023
Minimum Wage 25 or Less Employees $14.00 $15.50
26 or More Employees $15.00 $15.50
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 2023: $7,000.00

Colorado

Updated December 21, 2022

 

Minimum Wage Changes – Effective 1/1/2023

2022 2023
Minimum Wage $12.56 $13.65
Minimum Tipped Wage $9.54 $10.63
Tip Credit $3.02 $3.02

 

Unemployment Wage Base Changes – Effective 1/1/2023

2022 2023
Unemployment Wage Base  $17,000.00 $20,400.00

Connecticut

Updated December 21, 2022

 

Minimum Wage Changes – Effective 7/1/2022*

2022 2023
Minimum Wage $14.00 $15.00
Minimum Tipped Wage Bartenders $8.23 $8.23
Other Tipped Employees $6.38 $6.38
Tip Credit Bartenders $5.77 $6.77
Other Tipped Employees $8.62 $8.62

 

*Wages are in effect through May 31, 2023. Connecticut’s minimum wage is scheduled to rise to $15.00 on June 1, 2023, per Public Act 19-4, which was signed into law by Connecticut’s Governor Ned Lamont in 2019.

Unemployment Wage Base 2023: $15,000.00

District of Columbia

Updated December 27, 2022

 

Minimum Wage Changes – Effective 7/1/2022

 

7/1/2022 1/1/2023 7/1/2023
Minimum Wage $16.10 $16.10 $17.00

 

Tipped Minimum Wage Changes – Bi-annual increase

 

2022 1/1/2023 7/1/2023
Tipped Minimum* $5.35 $6.00 $8.00
Tip Credit $10.75 $10.10 $9.00*

 

Unemployment Wage Base 2023: $9,000.00

 

*In November 2022, DC voters approved Initiative 82: legislation that will phase out the use of tipped minimum wage over the course of five years, raising the minimum wage for tipped employees to equal the standard minimum wage by July 1, 2027. Employers should note that the tip makeup and tip credit will be adjusted accordingly throughout this change. The tip credit is projected to decrease to $9.00 on 7/1/23, but this rate is an estimated based on the proposed schedule, and is still to-be-announced. Check back for future updates.

 

 

 

Delaware

Updated December 19, 2022

 

Minimum Wage Changes – Effective 1/1/2023

2022 2023
Minimum Wage $10.50 $11.75
Minimum Tipped Wage $2.23 $2.23
Tip Credit $8.27 $9.52

 

 

Unemployment Wage Base Changes – Effective 1/1/2022

2022 2023
Unemployment Wage Base $14,500.00 TBA

 

Florida

Updated December 27, 2022

 

Minimum Wage Changes – Effective 9/30/2022

2022/2023 2023/2024
Minimum Wage $11.00 $12.00*
Minimum Tipped Wage $7.98 $8.98
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. The next increase is scheduled for September 30, 2023.

 

Unemployment Wage Base 2023: $7,000.00

 

Georgia

Updated December 19, 2022

 

Hooray! No state changes for 2023. 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 2023: $9,500.00

Hawaii

Updated December 19, 2022

 

Minimum Wage Changes – Effective 1/1/2023

 2022  2023
Minimum Wage $10.10 $12.00
Minimum Tipped Wage $9.35 $11.00
Tip Credit $0.75* $1.00*

* 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 1/1/2023

2022 2023
Unemployment Wage Base $51,600.00 $56,700.00

 

Idaho

Updated December 19, 2022

 

Hooray! No minimum wage changes for 2023. 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 1/1/2023

2022 2023
Unemployment Wage Base $46,500.00 $49,900.00

 

Illinois

January 10, 2023

 

Minimum Wage Changes – Effective 1/1/2023*

Location 2022 2023
State of Illinois Minimum Wage $12.00 $13.00
Minimum Tipped Wage $7.20 $7.80
Tip Credit $4.80 $5.20
Chicago (4 – 20 employees) Minimum Wage $14.50* TBA**
Minimum Tipped Wage $8.70* TBA**
Tip Credit $5.80* TBA**
Chicago (21+ employees) Minimum Wage $15.40* TBA**
Minimum Tipped Wage $9.24* TBA**
Tip Credit $6.16* TBA**
Cook County Minimum Wage $13.35* TBA**
Minimum Tipped Wage $7.40 $7.80
Tip Credit $5.95* TBA**

 

*Chicago and Cook County minimum wage changes are in effect from 7/1/22 – 6/30/23

**The minimum wage rate will be adjusted for inflation beginning on July 1, 2023, using the Consumer Price Index (CPI), a figure released by the US Bureau of Labor Statistics.

 

Unemployment Wage Base Changes – Effective 1/1/2023

2022 2023
Unemployment Wage Base $12,960.00 $13,271

Indiana

Updated December 19, 2022

 

Hooray! No state changes for 2023. 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 2023: $9,500.00

 

Iowa

Updated December 19, 2022

 

Hooray! No minimum wage changes for 2023. 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 1/1/2023

2022 2023
Unemployment Wage Base $34,800.00 $36,100

 

Kansas

Updated December 19, 2022

 

Hooray! No state changes for 2023. 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 2023: $14,000.00

 

Kentucky

Updated December 19, 2022

 

Hooray! No minimum wage changes for 2023. 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 1/1/2023

2022 2023
Unemployment Wage Base $10,800.00 $11,100.00

 

Louisiana

Updated December 19, 2022

 

Hooray! No state changes for 2023. 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 2023: $7,700.00

Maine

Updated December 19, 2022

 

Minimum Wage Changes – Effective 1/1/2023

2022 2023
Minimum Wage $12.75 $13.80
Minimum Tipped Wage $6.38 $6.90
Tip Credit $6.38 $6.90

Unemployment Wage Base 2023: $12,000.00

Maryland

Updated December 27, 2022

 

Minimum Wage Changes – Effective 1/1/2023*

Location 2022 2023
Minimum Wage (Small Employer – 14 or fewer) $12.20 $12.80
Minimum Wage (Large Employer – 15 or more) $12.50 $13.25
Montgomery County (Small Employer – 10 or fewer) $14.00* Minimum wage rises to $14.50 on 7/1/2023
Montgomery County (Mid-Sized Employer – 11-50 and certain nonprofit and service providers) $14.50* Minimum wage increases to $15.00 on 7/1/2023
Montgomery County (Large Employer – 51 or more) $15.65* TBA**
Prince George’s County (14 employees or fewer) $12.20 $12.80
Prince George’s County (15 employees or more) $12.50 $13.25
Minimum Tipped Wage $3.63 $3.63
Tip Credit $8.87 $9.62

*Montgomery County minimum wage changes are in effect from 7/1 – 6/30

**The minimum wage rate will be adjusted for inflation beginning on July 1, 2023, using the Consumer Price Index (CPI), a figure released by the US Bureau of Labor Statistics.

 

Unemployment Wage Base Changes – Effective 1/1/2022

2022 2023
Unemployment Wage Base $8,500 TBA

Massachusetts

Updated December 19, 2022

 

Minimum Wage Changes – Effective 1/1/2023

2022 2023
Minimum Wage $14.25 $15.00
Minimum Tipped Wage  $6.15 $6.75
Tip Credit  $8.10 $8.25

Unemployment Wage Base 2023: $15,000.00

Michigan

Updated December 19, 2022

 

Minimum Wage Changes – Effective 1/1/2023

2022 2023
Minimum Wage $9.87 $10.10
Minimum Tipped Wage $3.75 $3.84
Tip Credit $6.12 $6.26

Unemployment Wage Base 2023: $9,500.00

Minnesota

Updated December 27, 2022

 

Minimum Wage Changes – Effective 1/1/2023

Employer Size 2022 2023
State of Minnesota Less than $500,000 in Gross Sales  $8.42 $8.63
$500,000 or more in Gross Sales $10.33 $10.59
City of Minneapolis (Small Employer – 100 or fewer) $13.50* Wage rises to $14.50 on 7/1/23
(Large Employer – 101 or more) $15.00 $15.19
City of St. Paul (Small Employer – 5 or fewer) $10.75* Wage rises to $11.50 on 7/1/23
(Small Employer – 6 to 100 employees) $12.00* Wage rises to $13.00 on 7/1/23
(Large Employer – 101 or more) $13.50* Wage rises to $15.00 on 7/1/23
(Employers with more than 10,000 workers) $15.00 $15.19

*Effective 7/1/2022

Unemployment Wage Base Changes – Effective 1/1/2023

2022 2023
Unemployment Wage Base $38,000.00 $40,000.00

 

Mississippi

Updated December 19, 2022

 

Hooray! No state changes for 2023. 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 2023: $14,000.00

Missouri

Updated December 19, 2022

 

Minimum Wage Changes – Effective 1/1/2023

2022 2023
Minimum Wage $11.15 $12.00
Minimum Tipped Wage $5.57 $6.00
Tip Credit $5.58 $6.00

 

Unemployment Wage Base Changes – Effective 1/1/2023

2022 2023
Unemployment Wage Base $11,000.00 $10,500.00

Montana

Updated December 19, 2022

 

Minimum Wage Changes – Effective 1/1/2023

2022 2023
Minimum Wage  $9.20 $9.95
Minimum Tipped Wage Prohibited Prohibited
Tip Credit Prohibited Prohibited

 

Unemployment Wage Base Changes – Effective 1/1/2023

2022 2023
Unemployment Wage Base $38,100.00 $40,500.00

 

Nebraska

Updated December 19, 2022

 

Hooray! No state changes for 2023. 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 2023: $9,000.00

Nevada

Updated December 21, 2022

 

Minimum Wage Changes- Effective 7/1/2022*

2022/2023 Starting 7/1/2023
Minimum Wage $10.50 if no qualifying health benefits offered, $9.50 with qualifying health benefits $11.25 if no qualifying health benefits offered, $10.25 with qualifying health benefits
Minimum Tipped Wage Prohibited Prohibited
Tip Credit Prohibited Prohibited

*Wages are scheduled to rise annually each July Learn more

Unemployment Wage Base Changes – Effective 1/1/2023

2022 2023
Unemployment Wage Base $36,600.00 $40,100.00

New Hampshire

Updated December 19, 2022

 

Hooray! No state changes for 2023. Here are the current numbers in case you were wondering:

Minimum Wage $7.25
Minimum Tipped Wage $3.27
Tip Credit $3.98

Unemployment Wage Base 2023: $14,000.00

New Jersey

Updated December 19, 2022

Minimum Wage Changes – Effective 1/1/2023

2022 2023
Minimum Wage $13.00 $14.13
Minimum Tipped Wage $5.13 $5.26
Tip Credit $7.87 $8.87

 

Unemployment Wage Base Changes – Effective 1/1/2023

2022 2023
Unemployment Wage Base $39,800.00 $41,100.00

New Mexico

Updated December 27, 2022

 

Minimum Wage changes – Effective 1/1/2023

Location 2022 2023
Minimum Wage State of New Mexico $11.50 $12.00
Albuquerque (without health benefits or childcare) $11.50 $12.00
Albuquerque (with health benefits or childcare) $10.50 $12.00
Bernalillo County $11.50 TBA
Las Cruces $11.50 $12.00
Santa Fe (effective 3/1/2022) $12.95 $12.95
Santa Fe County (effective 3/1/2022) $12.95 $12.95
Minimum Tipped Wage State of New Mexico $2.80 $3.00
Albuquerque $6.90 $7.20
Las Cruces $4.60 $4.78
Santa Fe County (effective 3/1/2022) $3.88 $3.88
Tip Credit State of New Mexico $8.70 $9.00

 

Unemployment Wage Base Changes – Effective 1/4/2023

2022 2023
Unemployment Wage Base $28,700.00 $30,100

 

New York

Updated December 27, 2022

 

Minimum Wage Changes – Effective 12/31/2022 (Through 12/31/2023)

Location 2022 2023
State of New York $13.20 $14.20
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

Click Here for the Minimum Wage information for Tipped Employees, Hospitality Workers, and Farm Workers

 

Unemployment Wage Base Changes – Effective 1/1/2022

2022 2023
Unemployment Wage Base $12,000.00 TBA

North Carolina

Updated December 19, 2022

 

Hooray! No minimum wage changes for 2023. 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 1/4/2023

2022 2023
Unemployment Wage Base $28,000.00 $29,600

North Dakota

Updated December 19, 2022

 

Hooray! No minimum wage changes for 2023. 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 1/1/2023

2023 2023
Unemployment Wage Base $38,400.00 $40,800

Ohio

Updated December 19, 2022

 

Minimum Wage Changes – Effective 1/1/2023

2022 2023
Minimum Wage $9.30 $10.10
Minimum Tipped Wage $4.65 $5.05
Tip Credit $4.65 $5.05

 

Unemployment Wage Base Changes – Effective 1/1/2023

2022 2023
Unemployment Wage Base $9,000.00 $9,000.00

Oklahoma

Updated December 19, 2022

 

Hooray! No minimum wage changes for 2023. 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 1/1/2023

2022 2023
Unemployment Wage Base $24,800.00 $25,700.00

Oregon

Updated December 27, 2022

 

Minimum Wage Changes – Effective 7/1/2022

Location H2 2022/H1 2023 H2 2023/H1 2024*
Minimum Wage $13.50 TBA
Portland Metro $14.75 TBA
Non-urban Counties $12.50 TBA
Minimum Tipped Wage Prohibited Prohibited

*The minimum wage rate will be adjusted for inflation beginning on July 1, 2023, using the Consumer Price Index (CPI), a figure released by the US Bureau of Labor Statistics.

 

Unemployment Wage Base Changes – Effective 1/1/2023

2022 2023
Unemployment Wage Base $47,700.00 $50,900.00

 

Pennsylvania

Updated December 19, 2022

 

Hooray! No state changes for 2022. Here are the current numbers in case you were wondering:

Minimum Wage $7.25
Minimum Tipped Wage $2.83
Tip Credit $4.42

Unemployment Wage Base 2023: $10,000.00

Rhode Island

Updated December 19, 2022

 

Minimum Wage Changes – Effective 1/1/2023

 2022  2023
Minimum Wage $12.25  $13.00
Minimum Tipped Wage $3.89 $3.89
Tip Credit $7.61 $9.11

 

Unemployment Wage Base Changes – Effective 1/1/2023

2022 2023
Unemployment Wage Base $24,600.00 $28,200

South Carolina

Updated December 19, 2022

 

Hooray! No state changes for 2023. 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 2023: $14,000.00

South Dakota

Updated December 19, 2022

 

Minimum Wage Changes – Effective 1/1/2023

2022 2023
Minimum Wage $9.95 $10.80
Minimum Tipped Wage $4.98 $5.40
Tip Credit $4.97 $5.40

Unemployment Wage Base 2023: $15,000.00

Tennessee

Updated December 19, 2022

 

Hooray! No state changes for 2023. 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 Changes – Effective 1/1/2023

2022 2023
Unemployment Wage Base $7,000 TBA

 

Texas

Updated December 27, 2022

 

Hooray! No state changes for 2023. 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 1/1/2023

2022 2023
Unemployment Wage Base $9,000 TBA

 

Utah

Updated December 27, 2022

 

Hooray! No minimum wage changes for 2023. 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 1/1/2023

2022 2023
Unemployment Wage Base $41,600.00 $44,800.00

Vermont

Updated December 27, 2022

 

Minimum Wage Changes – Effective 1/1/2023

2022 2023
Minimum Wage $12.55 $13.18
Minimum Tipped Wage $6.28 $6.59
Tip Credit $5.57 $6.59

 

Unemployment Wage Base Changes – Effective 1/1/2023

2022 2023
Unemployment Wage Base $15,500.00 $13,500.00

Virginia

Updated December 27, 2022

 

Minimum Wage Changes – Effective 1/1/2023

2022 2023
Minimum Wage $11.00 $12.00
Minimum Tipped Wage $2.13 $2.13
Tip Credit $8.87 $9.87

Unemployment Wage Base 2023: $8,000.00

Washington

Updated December 27, 2022

 

Minimum Wage Changes – Effective 1/1/2023

Location 2022 2023
Minimum Wage $14.49 $15.74
Seattle – Schedule 1 Employers (501 or more employees in US) $17.27 $17.27
Seattle – Schedule 1 Employers (of a franchise businesses with 500 or more employees nationwide) $17.27 $17.27
Seattle – Schedule 2 Employers (500 or fewer) without Medical Benefits $17.27 $18.69
Seattle – Schedule 2 Employers (500 or fewer) with Medical Benefits $15.75 $16.50
Employers with 501 or more employees $17.27 $18.69
Tacoma $14.49 $15.74
Minimum Tipped Wage Prohibited Prohibited Prohibited
Tip Credit Prohibited Prohibited Prohibited

 

Unemployment Wage Base Changes – Effective 1/1/2023

2022 2023
Unemployment Wage Base $62,500.00 $67,600.00

West Virginia

Updated December 27, 2022

 

Hooray! No state changes for 2023. 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 Changes – Effective 2/1/2022

2022 2023
Unemployment Wage Base $9,000 TBA

Wisconsin

Updated December 27, 2022

 

Hooray! No state changes for 2023. 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 2023: $14,000.00

Wyoming

Updated December 27, 2022

 

Hooray! No minimum wage changes for 2023. 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 1/1/2023

2022 2023
Unemployment Wage Base $27,200.00 $29,100

2023 Federal Changes

 

Social Security Wage Base Changes – Effective 1/1/2023

2022 2023
Social Security Wage Base $147,000.00 $160,200.00

 

FSA Limit Changes – Effective 1/1/2023

2022 2023
Health FSA Limit $2,850.00 $3,050.00
Dependent Care Limit $5,000.00 $5,000.00

 

 

HSA Limit Changes – Effective 1/1/2023

2022 2023
Individual HSA Limit $3,650.00 $3,850.00
Family HSA Limit $7,300.00 $7,750.00
HSA Catch-up Contribution (age 55+) $1,000.00 $1,000.00
Individual HDHP Out-Of-Pocket Max $7,050.00 $7,500.00
Family HDHP Out-Of-Pocket Max  $14,100.00 $15,000.00

 

Mileage Reimbursement Changes – Effective 1/1/2023

2022 2023
Business Miles Driven $0.625 $0.655
Moving Mileage Reimbursement No longer allowed No longer allowed

 

Transportation Benefits – Effective 1/1/2023

2022 2023
Parking Allowance – Per Month $280.00 $300.00
Transit Allowance – Per Month $280.00 $300.00

 

Qualified Small Employer HRA (QSEHRA) – Effective 1/1/2023

2022 2023
Single – Monthly $454.16 $487.50
Family – Monthly $920.83 $983.33
Single – Annual $5,450.00 $5,850.00
Family – Annual $11,050.00 $11,800.00

 

401(k), 403(b), 457 Plan Limit Changes – Effective 1/1/2023

2022 2023
Maximum employee elective deferral $20,500.00 $22,500.00
Employee catch-up contribution (if age 50 or older by year-end) $6,500.00 $7,500.00
Employee compensation limit for calculating contributions $305,000.00 $330,000.00
*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 1/1/2023

2022 2023
Traditional IRA $6,000.00 $6,500.00
Roth IRA $6,000.00 $6,500.00
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.

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